XTB chooses Sungard for enhanced connectivity

XTB, a leading Central and Eastern Europe brokerage firm based in Poland, has selected SunGard’s Valdi suite of integrated market data, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and trading solutions to connect to the Warsaw Stock Exchange (WSE). XTB also plans to connect to the SunGard Global Network (SGN), an international order routing and market data network that links more than 2,500 asset managers and brokers.

XTB opted for SunGard’s hosted Valdi Market Access service for its WSE market connectivity to help it reduce its total cost of ownership and achieve economies of scale. The choice of a hosted solution will help XTB focus on growing its business while avoiding the costly diversions of system building, integration and maintenance.

SunGard will also provide XTB with integration services for the firm’s back office, in order to facilitate the changes that will be necessary when the WSE migrates to the new NYSE Euronext central Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

Christian Oddershede-Jensen, head of Equities and CFDS at XTB, said, “We selected SunGard because of its proven experience and reliability in providing trade connectivity and hosting services. By outsourcing the activities involved in procuring and managing the hardware, software and telecommunication links required for market access, SunGard’s hosted solution will help us focus on our business and our clients at a time of vast change in Poland’s capital markets structure."

Raj Mahajan, president of SunGard's global trading business, said, “SunGard helps international brokers access new markets in Central and Eastern Europe (CEE) through its Valdi and SGN solutions. Valdi and SGN can also help CEE trading firms strengthen their local and international electronic trading business. Like other Polish brokers, XTB has selected SunGard's Valdi Market Access hosted services to support its local clients as well as help grow its business internationally, while controlling its technology costs."

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