Société de Bourse Gilbert Dupont (Gilbert Dupont) has begun using SunGard to access the London Stock Exchange Group’s (LSEG) multilateral trading facility (MTF), Turquoise.
Owned by the Société Générale run Groupe Crédit du Nord, Gilbert Dupont specialises in small and medium sized company research. Its secretary general, François de Lard, commented that, “Outsourcing to Sungard the technical complexity of smart trading across multiple venues has enabled Gilbert Dupont to deliver competitive and profitable execution services in Europe’s new market landscape. Adding access to Turquoise will help Gilbert Dupont to further improve the quality of the service we deliver to our clients.”
Sungard’s Valdi Market Access (SVMA) allows users to leverage outsourced trading and data connectivity, and access new markets more swiftly and efficiently in a cost-controlled environment. Covering most European markets for market data and trading, SVMA offers smart-technology intensive access to lit and dark liquidity, providing integrated access to more than 110 trading venues.
“Delivering smart access to pan-European liquidity is an essential part of SunGard’s strategy to offer enhanced value to capital markets’ players, as firms look at improving execution quality across their order flow. Key to this strategy is the ability to add new venues quickly and easily, in a cost-controlled environment,” said Philippe Carré, global head of connectivity, SunGard’s capital markets business.
Gilbert Dupont’s access to Turquoise marks a successful continuation of the LSEG-owned MTF’s growth strategy, which has recently been heavily focused on developing a pan-European profile. In March alone its share of the European equity market increased from 7.68% to 8.81%, according to Thomson Reuters’ data, as Europe’s biggest exchange operator by volume, BATS Chi-X Europe experiencing an equivalent decline in its share from 20.97% to 19.66%. As recently as in May, Robert Barnes, CEO, Turquoise, emphasised the importance of customer roadshows the organisation has been running across France.