Kyobo Securities Co. Ltd., a Seoul-based securities firm, has tapped SunGard for its connectivity for real-time market data feed solutions, according to a SunGard statement.
Kyobo’s selection of SunGard for its connectivity solutions is part of the firm’s overall initiative to bolster its clientele’s trading and execution capabilities via multiple asset classes. This includes, brokerage, foreign exchange, derivatives, futures, equities, and corporate financing, among others.
Moreover, as per the partnership, SunGard will offer access to its Global Network for real-time market data feeds that will aim to help support Kyobo’s derivatives trading through strict compliance with up to seven exchanges’ redistribution license policies.
The move follows on the heels of an extant focus by South Korean brokers that are looking to expand their global footprint across both equities and derivatives. Moreover, the selection of SunGard is important as it allows Kyobo to provide brokerage underwriting, asset management, and other retail and institutional services to domestic clients.
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According to Nasser Khodri, Managing Director, Head of Capital Markets – Asia-Pacific (APAC) at SunGard, in a recent statement on the integration, “To be competitive in today’s trading environment, firms need to quickly find new market opportunities and be able to cost-effectively execute trades across multiple platforms, instruments and geographies.”
“Our solutions provide agile technology and reliable global connectivity across asset classes and exchanges worldwide, and we are pleased to provide Kyobo Securities with the level of sophistication, flexibility and stability it needs to reach various local and global markets and help it expand opportunity for its brokers,” he added.
Late last month, SunGard made headlines after it enhanced its existing partnership with Markit (Nasdaq: MRKT), a provider of financial information services, whereby strengthening its joint Pricing and Data Services solution.
The new iteration of the partnership extended the scope of the solution to include all Markit’s fixed income pricing data. Presently, SunGard’s Pricing and Data Services are part of its Investment Operations platform, which is a component of the entire investment process ranging from portfolio management to client reporting.