The Warsaw Stock Exchange (WSE) has chosen SunGard’s Protegent compliance solution and Valdi electronic trading tools for real-time surveillance and monitoring of trading activity on the exchange.
A customer of SunGard’s trading solutions for more than 10 years, the WSE will use SunGard’s Protegent market abuse solution to help enhance its analysis of specific market conditions and trigger alerts in real time, helping the WSE comply with the Market Abuse Directive, including ESMA’s regulation for short selling.
In addition, Valdi’s “flashback” function will allow the WSE to analyze historical market situations by rebuilding the order book at any point in time, while its historical data will provide insight into trading patterns.
Adam Maciejewski, member of the management board of the Warsaw Stock Exchange, said: “Surveillance tools are an absolute requirement as stock exchanges around the world seek to ensure fair and orderly markets.
The WSE selected SunGard’s Protegent because it is an efficient, proven and system-agnostic solution that complements our existing arsenal of market protection capabilities. Valdi will help the WSE improve our ability to monitor exchange trading activity and give our surveillance team enhanced access to real-time data, helping them identify trading patterns that might reveal market abuse.”
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