SunGard has extended its Software-as-a-Service* (SaaS)-based market connectivity to NYSE BondMatch, the European Multilateral Trading Facility (MTF) launched by NYSE Euronext for professional investors to trade corporate, financial and covered bonds. SunGard’s connectivity services help exchange members and their direct market access (DMA) clients trade on electronic markets from any workstation or application.
SunGard has developed market and trading gateways and adapted its trading workstation with market-specific trading features to provide investors and traders with efficient access to NYSE BondMatch. The new service will be fully integrated with SunGard’s Valdi hosted smart routing technology, alongside SaaS-based market access services to other fixed income venues, including EuroTLX, Borsa Italiana's MOT or Hi-MTF.
Nathalie Masset, deputy director, European debt markets at NYSE Euronext, said, "To help meet the demands of bond market participants for transparency, liquidity, pre- and post-trade reporting and post-trade services, NYSE Euronext is launching NYSE BondMatch. SunGard's Valdi Market Access Service offering will facilitate access to our marketplace and consequently should help us grow our business."
Raj Mahajan, president of SunGard’s global trading business, said, "There is increasing interest in fixed income trading in Europe, resulting in trading firms now requiring greater access to fixed income marketplaces and multi-asset solutions. One of the key challenges in capturing liquidity is to determine which liquidity pools to trade on: SunGard's Valdi Market Access Service is an efficient and cost-effective solution that helps trading firms with connectivity and smart order routing reach new trading venues, including fixed income MTFs."
* SunGard Financial Systems is pursuing a visionary initiative to transform some of the key functionality of its core systems into components creating software-as-a-service (SaaS)-based solutions. Leading this strategy is Infinity, which uses a service-oriented architecture (SOA) development framework, offers a business process management platform (Infinity Process Platform) and a virtualized, on-demand delivery infrastructure.