Prosper Corretora has selected SunGard's Valdi for complete trade lifecycle management. It will use a variety of SunGard's Valdi components for pre-trade risk management, execution management and for direct market access.
This will provide the brokerage with a multi-asset trading platform for order management, order sending and monitoring and real time P&L calculation, helping it increase operational efficiencies for its traders.
“SunGard will help Prosper Corretora increase automation and trade multiple asset classes," said Raj Mahajan, president of SunGard’s global trading business. "SunGard’s servers and infrastructure will help provide Prosper with greater stability. SunGard's Valdi will also help Prosper increase the performance of its executions and strategy adjustments with real-time calculations and a streamlined workflow through an integrated trading system.”
Initially available on 30 screens at Prosper Corretora, the platform will provide a multi-asset trading solution for equities and derivatives, including the ability to have BM&F Bovespa on the same screen to help streamline trading. Prosper will be able to generate and send orders to the stock market with real-time connectivity, helping it expand its business and offer its solution to institutional clients. In addition, Valdi will help the broker, which already has a presence in 20 cities in Brazil, make the solution available to its partners, independent agents, distributors and affiliates.
