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Interdin Bolsa Selects SunGard Trading Platform to Help Improve Client Access to Spanish Stocks

Interdin Bolsa Sociedad de Valores S.A. (“Interdin”), a securities brokerage house based in Madrid, has selected SunGard’s Valdi Market Access hosted trading platform to support its direct market memberships on the BATS Chi-X Europe exchange. The order routing service will enable Interdin’s clients to access the full depth of Spanish stocks’ liquidity on multiple venues.

“The changes in Spain on the distribution of trading volumes and the eruption of market fragmentation have made substantial impact. At Interdin Bolsa, we see these changes as a great opportunity and our membership of BATS Chi-X Europe as a crucial differentiator to offer a better service to our clients. We selected SunGard for its outsourcing capabilities and also for its expansion versatility to cover our future requirements.” - Oscar Sierra, head of prime brokerage, Interdin Bolsa 

“The tide is very clearly turning in Spain. Brokers and investors alike are aware of the huge benefits they can derive from trading shares on a pan-European platform. Our momentum continues and shows that real competition in Spain is now established and growing. I am delighted to welcome Interdin Bolsa on our markets, leveraging our long-standing relationship with SunGard, one of the first independent software vendors to be certified on BATS Chi-X Europe markets.” - Mark Hemsley, CEO, BATS Chi-X Europe 

“The Spanish securities market is experiencing transformation, ahead of future clearing and settlement changes, which should further open up the market. Local market participants, like many firms across Europe, need the ability to adapt quickly. SunGard’s Valdi Market Access service offers the flexibility clients require to help make outsourcing market access easier.” - Philippe Carré, global head of connectivity, SunGard’s capital markets business

SunGard’s Valdi Market Access hosted solution facilitates integrated access to more than 110 trading venues worldwide, leveraging the global Valdi Market Gateway offering. The Valdi suite of solutions gives access to most European financial markets, covering multiple assets classes, including equities, fixed income, structured products, commodities, futures and options.