Migdal Stock Exchange Services, the brokerage arm of Israeli investment group Migdal Capital Markets and member of the Tel-Aviv Stock Exchange (TASE), now offers trading services and research expertise on the Israeli capital markets via the SunGard Global Network (SGN).
Joining the SGN community will help Migdal Stock Exchange Services reach an international audience, while SGN members will be able to trade securities listed on TASE through Migdal. SunGard offers connectivity to TASE via SGN broker services, a standalone platform or a hosted service located on the exchange’s premises for reduced latency.
Sharon Naveh, head of international sales and trading for Migdal Stock Exchange Services, said, “Despite the global economic slowdown, the International Monetary Fund predicts that the Israeli economy will continue to grow at a rate of 2.8 percent in 2012. The inclusion of Israel into the Organisation for Economic Co-operation and Development, together with its upgrade by index provider MSCI from emerging to developed market, has generated investment interest worldwide. Connecting to the SunGard Global Network will help Migdal deliver Tel Aviv Stock Exchange market expertise and access to a broad group of international investors.”
Philippe Carré, global head of connectivity for SunGard's capital markets business, said: “Buy- and sell-side firms are expanding their trading activities to reach dynamic economies such as Israel. As the addition of Migdal shows, SunGard continues to extend its emerging markets connectivity to help customers reach more trading destinations quickly and efficiently, helping them capitalize on trading opportunities in these countries.”