Inter-Pacific Securities Sdn Bhd (IPS), a Malaysian brokerage firm, has gone live with SunGard’s GL Net low-latency market data and order routing network to gain direct market access (DMA) to Bursa Malaysia Berhad’s derivatives exchange.
IPS intends to expand its derivatives business, and therefore it was looking for the right solution to enhance its derivatives trading services. SunGard’s GL Net will help IPS’s local and international clients execute orders directly on the exchange and improve execution speed and management of large limit orders. GL Net also gives IPS access to a network of world-wide brokers and investors, who can now utilize IPS to trade on the Malaysian derivatives marketplace.
Kuok Wee Kiat, executive director of IPS said: “In addition to supporting us in offering new services to both our local and international clients, the implementation of DMA via SunGard’s GL Net is expected to provide IPS with a platform to gain access to other exchanges, which will widen our product range and market reach.”
Yassine Brahim, president of SunGard’s global trading business, commented: “SunGard continues to work with brokers and exchanges in developing regions, building long-term relationships in order to help brokers achieve their business goals and providing international financial institutions with access to new areas of investment. For instance, IPS can now collect orders with GL Net DMA services so that international clients of both IPS and SunGard can trade on the Malaysian derivatives marketplace.”
FIS continues to win new asset finance business around the world, including a large European captive rolling out to 15+ countries, a German auto finan...View article
An independent French bank with the balance sheet of over 5.5 billion euros focused on retail banking and consumer finance, auto finance, consumer cre...View article
The client, a top-tier global asset manager with more than a trillion dollars under management chose to replace their legacy in house collateral manag...View article