Technology vendor SunGard has linked its Valdi trading and risk management solution to derivatives markets in Spain and Italy.
The addition of Bolsas y Mercados Españoles's Mercado Español de Futuros Financieros (MEFF) and Borsa Italiana's Italian Derivatives Exchange Market (IDEM) takes the number of market connections available on the Valdi Market Access product to over 100.
The Valdi service also makes use of the SunGard Global Network, which provides order routing and market data provision for 30 financial centres across the world.
In addition, Valdi will link to the full set of markets – including equities, bonds and structured products – operated by Borsa Italiana, with SunGard managing the hardware, software and telecommunication links.
“The costs and operational complexity involved in physical connections to markets can inhibit the growth of international trading,” said Yassine Brahim, president of SunGard's global trading business. “The completion of our service for the MEFF and IDEM markets will help both local and international members to focus on their Spanish and Italian trading business, while helping to decrease their connectivity costs.”