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XTB selects SunGard risk management and trading solutionsSep 10, 2011 (Datamonitor via COMTEX) -- XTB, a Central and Eastern European brokerage firm based in Poland, has selected SunGard's Valdi suite of integrated market data, risk management and trading solutions to connect to the Warsaw Stock Exchange, or WSE. XTB also plans to connect to the SunGard Global Network (SGN), an international order routing and market data network that links more than 2,500 asset managers and brokers. XTB opted for SunGard's hosted Valdi Market Access service for its WSE market connectivity to help it reduce its total cost of ownership and achieve economies of scale. The choice of a hosted solution will help XTB focus on growing its business while avoiding the costly diversions of system building, integration and maintenance. SunGard will also provide XTB with integration services for the firm's back office, in order to facilitate the changes that will be necessary when the WSE migrates to the new NYSE Euronext central trading platform. Christian Oddershede-Jensen, head of Equities and CFDS at XTB, said, "We selected SunGard because of its proven experience and reliability in providing trade connectivity and hosting services. "By outsourcing the activities involved in procuring and managing the hardware, software and telecommunication links required for market access, SunGard's hosted solution will help us focus on our business and our clients at a time of vast change in Poland's capital markets structure." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon |