Hungarian OTP Bank Goes Live with SunGard's Valdi for Trading and Order Management

OTP Bank, the banking arm of the OTP Group, the Magyar universal financial services group, has gone live with SunGard’s Valdi trading and order management suite of solutions. OTP Bank chose the Valdi order management system to help improve the dealing and supervision of its trading activities. The bank’s trading floor will also use the multi-asset Valdi front-end to connect to the Budapest Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term for trading equities, commodities and derivatives.

In addition, OTP Bank plans to add access to the Frankfurt Stock Exchange’s Xetra Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, as well as international markets through Valdi. The firm will also offer brokerage activities through the SunGard Global Network (SGN) for clients interested in trading stocks and contracts listed on the Budapest Stock Exchange.

Robert Barlai, managing director at OTP Bank, said, “We implemented SunGard’s Valdi and SGN solutions in order to help automate our trading floor operations. These solutions are helping our trading floor function more effectively on the Budapest Stock Exchange while helping the bank to expand its trading activities beyond Hungary and better serve international clients. We are confident in SunGard’s experience and expertise in Central and Eastern Europe as trading activity in the region consolidates onto fewer venues and as trading platforms evolve. SunGard’s scalable solutions will support our business in the years to come, both in Hungary and abroad.”

Philippe Carré, global head of connectivity for SunGard’s capital markets business, said, “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.”