SunGardâs Valdi passed vendor certification testing with Chi-X Australia on September 20, and is operational as of October 31.
Peter Fowler, chief operating officer of Chi-X Australia, said, "Chi-X Australia is committed to offering a valuable alternative to the Australian Stock Exchange by improving service levels and driving down prices. As a certified vendor, SunGard will bring its experience and technology in smart order routing to help us provide Australian investors with more efficient marketsâ.
Nasser Khodri, managing director for SunGardâs global trading business in Asia Pacific, said, âWe look forward to working with market participants in Australia to help them seize the opportunities that will arise from the launch of Chi-X, which is an important step in bringing further transparency and efficiency to Australiaâs markets. SunGard has over 20 yearsâ experience in delivering global trading solutions and services, including smart order routing on both lit and dark liquidity pools in the US and Europe, and our teams are working closely with customers across Asia Pacific to help them adapt to the evolving market structureâ.