SunGard, BME, Nasdaq OMX and more…

Hungary’s OTP Bank has gone live with SunGard’s Valdi trading and order management solutions.

OTP Bank selects Valdi for trading and order management 

Hungary’s OTP Bank has gone live with SunGard’s Valdi trading and order management solutions.

Valdi will be used by the bank to connect to the Budapest Stock Exchange for trading equities, commodities and derivatives. OTP Bank also plans to connect to Frankfurt Stock Exchange’s Xetra trading platform and international venues through Valdi. OTP Bank will also offer brokerage services for clients wanting access to the Budapest Stock Exchange through the SunGard Global Network.

"SunGard’s trading and connectivity solutions help OTP Bank and other firms that have expanded beyond their home countries to operate in the wider region and address the coming challenges of further integration in central and eastern Europe,” said Philippe Carré, global head of connectivity for SunGard’s capital markets business.

BME offers SME cloud solution 

BME Innova, a subsidiary of Madrid-based venue operator Bolsas y Mercados Españoles (BME) has teamed up with AnadatConsulting, to offer a cloud computing service targeted at small- and medium-sized enterprises (SMEs).

BME InCloud will leverage the stock market operator’s technical and business resources together with regulatory compliance on confidentiality and security.

“The stock exchange has always been an important financing instrument for companies. The role played by BME has been to provide the technology, security and confidence necessary to fulfil this function with the utmost satisfaction,” said Maria Parga, CEO of BME Innova.

Nasdaq OMX renews Colombia bourse contract 

Bolsa de Valores de Colombia (BVC) extended its technology contract with Nasdaq OMX for a further five years.

As part of the deal, BVC will expand its offering to include energy contracts trading functionality using the X-stream trading solution, which operates multi-asset class and multi-currency trading.

“BVC is rapidly becoming a significant exchange not just in Latin America but in the world. It is a privilege to support the company in its ascension and as Nasdaq OMX continues its own expansion in Latin America,” said Lars Ottersgard, senior vice president, Nasdax OMX Market Technology.

NovaSparks hires George Kontopidis for product development 

Market data firm NovaSparks has hired George Kontopidis as executive vice president of product development.

Kontopidis has extensive experience in embedded system deisgns of real-time computing and communication platforms and will boost NovaSparks’ expansion of low-latency market data processing across markets.

“George will define and execute the next phase of expansion for our FPGA deterministic matrix architecture while streamlining operations for our next phase of growth,” said Yves Charles, CEO of NovaSparks.

BT teams up with Moscow Exchange 

Moscow Exchange members can now link to the BT Radianz Cloud to access trading of new cross-listed derivatives launched by the BRICS Exchanges Alliance.

Market data is also accessible from the Moscow Exchange through the BT Radianz Cloud.

Moscow Exchange is now one of five BRICS Exchanges Alliance members that cross-list derivatives products across a range of venues. These indices include Brazil’s Bovespa Index, Russia’s MICEX Index, the BSE India Sensitive Index, Hong Kong’s Hang Seng Index and the Hang Seng China Enterprises Index, and South Africa’s JSE Top30 Index.

“It is crucial that domestic and international investors can access these products quickly and seamlessly and that there is international transparency of trading in these instruments,” said Sergei Sinkevich, managing director, primary market and globalisation at the Moscow Exchange.