SunGard’s Valdi Market Access service now provides access to TOM MTF, a multilateral trading facility located in Amsterdam, Netherlands, facilitating member participation on this new trading platform. TOM MTF offers trading in shares, derivatives and exchange-traded funds.
The Valdi Market Access service delivers connectivity to markets worldwide on a Software-as-a-Service* (SaaS) basis, via the SunGard Global Network (SGN). The direct market access service helps exchange members and their clients trade on electronic markets from any SGN-connected application. It is fully managed by SunGard, helping reduce infrastructure and support costs.
Willem Meijer, chief executive officer of TOM MTF, said, “In the rapidly changing landscape of stock and derivatives exchanges, TOM MTF offers trading in Dutch, Belgian and French equities and trading in single stock options. We are looking at expanding, and SunGard’s latest initiative will facilitate access to TOM MTF, by providing electronic trading solutions and global connectivity to market participants.”
Philippe Carré, global head of connectivity for SunGard’s capital markets business, said, “The emergence of new trading platforms such as TOM MTF continues to drive market fragmentation in Europe; Valdi and SGN help trading firms connect to new trading venues, while keeping a firm grip on their total cost of operation. Our customers will now be able to incorporate TOM MTF’s growing liquidity pool into their smart routing strategies.”
* SunGard Financial Systems is transforming the way its software solutions are created and delivered to its customers. With the introduction of a new visionary, integrated technology blueprint, new delivery models are created and additional functionality embedded. Underlying technologies include a service-oriented architecture (SOA) development framework, a business process management platform (Infinity Process Platform) and a delivery platform to enable Software-as-a-Service (SaaS) based solutions.