BRED Banque Populaire, the commercial bank of Groupe BPCE, has gone live with SunGard’s Valdi outsourced trading service.
BRED will use SunGard’s Valdi Market Access to connect to electronic equity, fixed income and derivatives market worldwide, with SunGard hosting the application in a managed services environment.
Following the migration of its derivatives markets’ trading infrastructure to the Valdi Market Access platform, BRED extended its relationship with SunGard to add hosed connectivity to the pan-European Euronext equities market.
The platform will help BRED combine advanced hosted technology with proximity services.
Patrick Lixi, head of project management at BRED, said: “We recently decided to extend the reach of our memberships to cover Euronext equities’ markets, beyond our original derivatives market access franchise.”
“SunGard gave us the possibility to manage our total cost of operations and the potential to expand to new markets quickly and effortlessly. We look forward to our continued collaboration with SunGard.”
Philippe Carré, global head of connectivity for SunGard’s capital markets business said: “Financial institutions are looking at smarter ways to better control their operational cost structure, while expanding the range of services they can access.”
“SunGard’s Valdi Market Access service offers clients flexibility, accelerates go-to-market strategies and enables clients to outsource the complexity of the capital markets’ ecosystem.”
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