Beltone Expands SunGard's OMS for Market Making on Egyptian ETF
Egyptian-based investment bank adds SunGard's market making and trade execution tools.
The move comes after Beltone announced it would become the first market maker on the Egyptian Exchange's (EGX) exchange-traded fund (ETF) that tracks the EGX30 index called XTMisr.
"Local financial markets are focusing on maturing their product offering to reflect the increased sophistication of local and regional investors, as well as responding to increasing interest from international investors looking to trade in the Middle East," said Philippe Carré, global head of connectivity for SunGard, in a statement. "We are pleased to expand our relationship with Beltone Financial to support the launch of its market-making business on the new ETF segment of the Egyptian Exchange and to help them achieve more with an integrated trading platform,"
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