10.13.2011
By Terry Flanagan

LatAm Trading Venues Go Global

Derivatives markets build out connectivity hubs.

With Latin America’s derivatives markets attracting new liquidity through improved access and collaboration between exchanges, and traders in the region are demanding robust trading tools and access to an extensive global network.

“Local customers are looking at equipping their trading desks with best of breed systems  to manage growing and more complex volumes, with regional LatAm players increasingly looking at connecting to all meaningful sources of liquidity on neighboring exchanges,” Philippe Carré, global head of connectivity at SunGard’s global trading business , told Markets Media.

Rosario Futures Exchange (ROFEX), an Argentina-based derivatives exchange, is available through SunGard Global Network for Securities (SGN) for global connectivity, order routing and market data.

SGN will help futures and options traders around the world easily access ROFEX, facilitating electronic order routing access to their exchange. It will also help increase efficiencies and reduce errors for traders that trade through ROFEX by helping them trade electronically, for greater automation across the trade lifecycle.

“Connecting to SGN will allow ROFEX to reach new clients worldwide, and distribute products on a global scale,” said Carré.
“SGN links institutions throughout the financial services value chain, offering services for equities, fixed income, listed derivatives, mutual funds, money market funds and other cash equivalents,” he said.

SGN facilitates trading on over 120 markets worldwide and links more than 2,000 asset managers with over 530 brokers, as well as interconnecting with major third-party order-routing networks, the company says.

SunGard is leveraging SGN and its Valdi trading suite to provide Latin American customers with a customizable solution for multi-asset, global trading. “It is our goal to provide customers with a simplified gateway to access all exchanges in Latin America; we already provide access to equities and derivatives exchanges in Brazil, Mexico, Chile, Colombia, Peru and now Argentina,” said Raj Mahajan, president of SunGard’s global trading business.

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