Beltone Financial, the Egyptian investment bank, has gone live with technology provider SunGard’s Valdi trading and order management solution to support its local and regional trading business via a single front-office platform. It is also now using the SunGard Global Network (SGN) to collect orders from international clients.
The Valdi order management system provides Beltone Financial with a consolidated trading platform as the basis for support of its international trading business. From a central implementation in Cairo, the firm is able to trade throughout the Middle East region via FIX protocol-based connections to executing brokers in local markets. Beltone can alert its clients as soon as each trade is executed, and has implemented fully electronic linkages from the front to the back-office. SunGard has also adapted its pre-trade risk management system to allow consolidated control of clients' DMA and care order flows.
SGN is an order routing network that links more than 2,000 asset managers and 500 brokers on 110 global markets, and will help Beltone Financial collect orders and establish new client connection.
Mohamed Amer, director and regional head of IT at Beltone Financial, said, “SunGard's integrated solution supports the specific requirements of the Egyptian and regional markets and covers all of our front-office operations trading requirements. SunGard has helped us gain a competitive edge, particularly as electronic trading grows in the region.”