SunGard can now offer its trading systems in the Middle East to institutional investors looking for automated trading solutions and global connectivity.
SunGard has joined the Dubai Financial Market (DFM) vendor registration program, which regulates the provision of order management systems (OMS) and online trading solutions to DFM-licensed brokerage firms. The new registration service for technology vendors is designed to improve the quality of the market connectivity solutions offered to brokers and their investor clients.
“We see increasing interest in the Middle East from our global customer base, and our rapidly expanding local presence has already allowed us to better serve both local and regional capital markets players,” said Philippe Carre, global head of connectivity, SunGard. “Working closely with the DFM will help us to further improve our offering in Dubai. We now offer enhanced access to all active UAE electronic trading stock markets, regardless of asset classes, through a single screen, further complementing our existing Middle East connectivity coverage.”
The service is aimed at further enhancing excellence in information technology in line with the Dubai Smart City initiative announced by Sheikh Mohammed Bin Rashid Al Maktoum, UAE vice president, prime minister and ruler of Dubai. The Dubai Smart City initiative is a new project to turn Dubai into a “Smart City” and features six key pillars and 100 initiatives on transport, communications, infrastructure, electricity, economic services and urban planning.
SunGard already offers access to a number of stock exchanges in the Middle East, covering multiple asset classes and delivering advanced trading functionalities together with integrated market data feeds. The independent software vendor partnership with DFM will enable SunGard to offer its customers a single, integrated platform, while directly participating in the exchange environment as a stakeholder.
