XTB Selects SunGard for Warsaw Stock Exchange Connectivity
XTB, a Central and Eastern Europe brokerage firm based in Poland, has selected SunGard's Valdi suite of integrated market data, risk management, and trading solutions to connect to the Warsaw Stock Exchange (WSE).
XTB also plans to connect to the SunGard Global Network (SGN), an international order routing and market data network that links more than 2,500 asset managers and brokers.
SunGard will also provide XTB with integration services for the firm's back office, in order to facilitate the changes that will be necessary when the WSE migrates to the new NYSE Euronext central trading platform.
Christian Oddershede-Jensen, head of equities and CFDs at XTB, says XTB selected SunGard because of its experience and reliability in providing trade connectivity and hosting services.
Outsourcing the activities involved in procuring and managing the hardware, software and telecommunication links required for market access allows XTB to focus on their business and clients at a time of change in Poland's capital markets structure, says Oddershede-Jensen.
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