OTP Bank Goes Live with Valdi
It will use the SunGard offering to connect to two local exchanges, among other activities.
Eastern Europe's OTP Bank has gone live with SunGard's Valdi trading and order management suite of solutions.
The bank's trading floor will use the multi-asset Valdi front-end to connect to the Budapest Stock Exchange for trading equities, commodities and derivatives. It also plans to add access to the Frankfurt Stock Exchange's Xetra trading platform, as well as international markets through Valdi. The firm will also offer brokerage activities through the SunGard Global Network (SGN) for clients interested in trading stocks and contracts listed on the Budapest Stock Exchange.
"We implemented SunGard's Valdi and SGN solutions in order to help automate our trading floor operations," says Robert Barlai, managing director at OTP Bank. "These solutions are helping our trading floor function more effectively on the Budapest Stock Exchange while helping the bank to expand its trading activities beyond Hungary and better serve international clients. We are confident in SunGard's experience and expertise in Central and Eastern Europe as trading activity in the region consolidates onto fewer venues and as trading platforms evolve. SunGard's scalable solutions will support our business in the years to come, both in Hungary and abroad."
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