SunGard to Provide Technology for ASEAN Exchanges Order Routing and Trading Network

Four ASEAN equities exchanges (Bursa Malaysia, the Philippine Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand) have selected SunGard to be the technology provider for the ASEAN trading link.


Four ASEAN equities exchanges (Bursa Malaysia, the Philippine Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand) have selected SunGard to be the technology provider for the ASEAN trading link.
The Link will electronically interconnect participating ASEAN exchanges to facilitate cross-border order routing and trading, thus helping investors and members access ASEAN markets via a single connection. SunGard will supply the infrastructure for the network based on its Valdi trading solution suite.
The Valdi suite provides global, multi-asset class order management, market access, liquidity and compliance management, as well as hosted services. Through a central point of connection to the ASEAN trading link, hosted by SunGard in Singapore, investors will be able to route orders to the four exchanges and receive market data from each of them. The ASEAN trading link will also be connected to the SunGard Global Network (SGN), so that global brokers and investors can send orders to participating ASEAN members.
Raj Mahajan, president of SunGard’s global trading business, said, “SunGard's strategy is to help broker-dealers generate new revenue by helping them navigate the global trading environment cost-effectively. SunGard has supported the growing demand for access to the ASEAN marketplaces for many years via our SGN and Valdi trading solutions. We will now work with the ASEAN exchanges to tailor these technologies to their requirements.”
About Bursa Malaysia
Bursa Malaysia Berhad is a public company limited by shares under the Companies Act 1965. Bursa Malaysia is an approved exchange holding company under Section 11D of the Securities Industry Act 1983. Other companies in the Bursa Malaysia Bhd Group of companies include a stock exchange, a derivatives exchange, an off-shore international financial exchange, equity and derivatives clearing houses, a central depository, an information services provider and an Information Technology services provider. Bursa Malaysia Securities Berhad, a wholly-owned subsidiary of Bursa Malaysia Berhad, is an approved stock exchange under Section 8 of the Securities Industry Act 1983. For more information, please visit Bursa Malaysia's website: [You must be registered and logged in to see this link.]
About Philippine Stock Exchange
The Philippine Stock Exchange, Incorporated owns and operate the only stock exchange in the Philippines. The Securities and Exchange Commission granted the company the status of self regulatory organisation in 1998. It was incorporated in 1992 as a non-stock corporation and underwent a listing by way of introduction in 2003, pursuant to the demutualization mandate of the Securities Regulation Code of 2000. In addition, the PSE sold to strategic investors by way of private placement in 2004. For more information, please visit PSE's website: [You must be registered and logged in to see this link.]
About Singapore Exchange (SGX)
SGX was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). SGX is Asia-Pacific's first demutualised and integrated securities and derivatives exchange and is listed on its own bourse. The exchange's stock is a component of benchmark indices such as the MSCI Singapore's Free Index and the Straits Times Index (STI). SGX aims to offer a highly trusted, comprehensive and efficient securities and derivatives marketplace for raising capital, risk transfer, trading, clearing and settlement. SGX facilitates the trading and clearing of commodity futures and over-the-counter (OTC) derivatives such as forward freight agreements and oil swaps. Through strategic alliances and partnerships with other exchanges around the world, SGX is firmly positioned as an Asian Gateway. For more information, please visit SGX website: [You must be registered and logged in to see this link.]
About The Stock Exchange of Thailand (SET)
SET is a fully-integrated exchange providing a wide variety of investment products (i.e., equities, bonds, and derivatives) and quality services to both local and foreign investors, with timely, accurate and complete information disclosure. SET began operations in 1975 and operates under the Securities and Exchange Act, 1992. SET services investors and other market participants with fully computerised trading systems and aims to enhance the efficiency of market infrastructure to continually meet international standards. The Exchange also emphasises promoting corporate governance amongst market participants and adopting best international practices to enhance the market's efficiency, transparency and performance.
For more information, please visit SET's website at [You must be registered and logged in to see this link.]
About SunGard’s Valdi
SunGard’s Valdi provides equities, futures, fixed income and options traders with multi-asset and risk management solutions on 130+ markets worldwide. Valdi global trading solutions support the entire trade lifecycle including integrated trade and order management systems, execution services, risk management, market data, compliance, and clearing and settlement services. Through connectivity via the SunGard Global Network (SGN), SunGard's global trading solutions help customers achieve increased performance, low latency and execution across multiple platforms, instruments and geographies.
About the SunGard Global Network (SGN)
A trade automation and connectivity solution, the SunGard Global Network links institutions throughout the financial services value chain, offering services for equities, fixed income, listed derivatives, mutual funds, money market funds and other cash equivalents. The SunGard Global Network helps automate the entire trade lifecycle from order execution through to post-trade processing. It provides access to 110 markets worldwide and connects the buy-side, third party networks, broker/dealers and investment companies, including more than 2,000 asset managers and 500 broker connections. Its international connectivity hubs also support low-latency market data delivery from global markets.
About SunGard
SunGard is one of the world's leading software and technology services companies. It has more than 20,000 employees and serves 25,000 customers in 70 countries, providing software and processing solutions for financial services, higher education and the public sector. SunGard also delivers disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, please visit [You must be registered and logged in to see this link.]
Trademark Information: SunGard, the SunGard logo, SunGard Global Network and Valdi are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.