SunGard's Valdi Connects to Australian Exchange

Australia
The Australian Securities and Investments Commission (ASIC)'s best executions obligations muse be adhered to by the end of October 2012.

SunGard's Valdi Market Access service now provides access to the Australian Securities Exchange's (ASX) PureMatch high-frequency, low-latency order book.

Participants are required to adhere to the Australian Securities and Investments Commission (ASIC)'s best executions obligations by the end of October 2012.

"SunGard is helping market participants in Australia capitalize on the changes that will arise from the new multi-exchange environment," says Scott Leader, managing director, Oceania region, SunGard Financial Systems.

"This includes providing connectivity to two critical exchanges as well as solutions to help automate trading and route orders."

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