Orange Business Services - Trading Solutions and SunGard to Connect Trading Networks

Today at SunGard’s London City Day, Orange Business Services - Trading Solutions, a leader in convergent voice and electronic trading infrastructure and services for trading communities, announced that it is linking its network to SunGard’s GL Net, a low latency market data and order routing network. Bringing together the two companies’ networks will help customers who use either network to benefit from the ability to reach a wider financial services community and utilise additional services.

Work on interconnecting the two networks started earlier this month. Once live, existing Orange Business Services - Trading Solutions customers will have immediate access to SunGard’s GL Net community, an ASP-based platform that connects market makers to 80 exchanges and other market centers, including the London Stock Exchange, Nasdaq and NYSE-Euronext. SunGard’s customers will benefit from Orange Business Services - Trading Solutions voice and data connectivity solutions.

Philippe Carré, global head of connectivity for SunGard’s global trading business, said, “Providing access to the connectivity delivered via Orange Business Services - Trading Solutions’ network will give our customers the ability to use a secure, convergent network.”

Sébastien Jaouen, head of trading community services, Orange Business Services - Trading Solutions said, “Adding SunGard’s ASP platform to our MPLS network strengthens our community by delivering instant direct access to trade on multiple markets around the world.”