Eventus has also enrolled in the Valdi Shares Rewards program, giving it the ability to earn credits towards its use of SunGardâs trading solutions. For example, with Valdi Shares Rewards Eventus can use its increase in order flow as âcurrencyâ to offset its technology costs when it executes or clears trades through SunGardâs execution and clearing solutions.
The past year has brought many changes to the options industry, pressuring firms that trade options to focus heavily on the quality of trade execution and on keeping pace with market volatility. In an effort to more precisely mitigate risk and reduce costs, firms like Eventus are seeking integrated solutions to manage risk and reduce their technology spend.
Valdi Options Risk Analytics, a customizable, real-time options trading platform for managing risk and viewing volatility for options, integrates with Valdi Options ERM to help Eventus manage risk from positions in listed options, including large portfolios. Eventus also uses SunGardâs Valdi EMS, a multi-asset hosted trading station for direct market access, to manage and execute options trades on the SunGard Global Network, a trade automation and connectivity solution that provides access to over 110 markets worldwide.
Louis Pargiolas, head trader for Eventus, said, âSunGardâs Valdi solutions for options have helped us streamline our daily trading process, helping us grow trade volumes and source additional revenue while participating in Valdi Shares Rewards has helped us reduce our technology costs. Having used many solutions while working on the trading floor over two decades, I find SunGardâs Valdi suite for options to be well developed and feature-rich.â
Raj Mahajan, president of SunGardâs trading business, said, âSunGardâs Valdi provides Eventus with an integrated platform for options trading and execution. We are dedicated to helping customers reduce trading costs and we are pleased to be helping Eventus achieve this through our Valdi Shares Rewards program.â