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SunGard to Provide Technology for ASEAN Exchanges Order Routing and Trading Network

email this aricle - SunGard to Provide Technology for ASEAN Exchanges Order Routing and Trading Network  - Singapore - 14 June 2011 print this article - SunGard to Provide Technology for ASEAN Exchanges Order Routing and Trading Network  - Singapore - 14 June 2011
Four ASEAN equities exchanges (Bursa Malaysia, the Philippine Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand) have selected SunGard to be the technology provider for the ASEAN trading link.

The Link will electronically interconnect participating ASEAN exchanges to facilitate cross-border order routing and trading, thus helping investors and members access ASEAN markets via a single connection. SunGard will supply the infrastructure for the network based on its Valdi trading solution suite.

The Valdi suite provides global, multi-asset class order management, market access, liquidity and compliance management, as well as hosted services. Through a central point of connection to the ASEAN trading link, hosted by SunGard in Singapore, investors will be able to route orders to the four exchanges and receive market data from each of them. The ASEAN trading link will also be connected to the SunGard Global Network (SGN), so that global brokers and investors can send orders to participating ASEAN members.

Raj Mahajan, president of SunGard’s global trading business, said, “SunGard's strategy is to help broker-dealers generate new revenue by helping them navigate the global trading environment cost-effectively. SunGard has supported the growing demand for access to the ASEAN marketplaces for many years via our SGN and Valdi trading solutions. We will now work with the ASEAN exchanges to tailor these technologies to their requirements.”

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