SunGard’s Valdi helps with Russian ruble conversion
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SunGard’s Valdi helps with Russian ruble conversion 17 April 2013Moscow Reporter: Georgina Lavers
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Otkritie Capital, a Russian financial services provider, has selected SunGard to help launch a new direct market access (DMA) service allowing for automatic real-time currency conversion from the Russian ruble to the US dollar.
SunGard has also added integrated access to an algorithmic trading service to provide Otkritie’s clients with access to Russian trading venues.
The new DMA service automatically converts Russian Ruble-denominated transactions executed on Moscow Exchange’s MICEX order books into US dollar execution fills, allowing clients to remain currency-neutral and avoid complexities of Ruble-clearing and holding.
The new service is automatically available in all Valdi and FIX-enabled trading applications and to the SunGard Global Network (SGN) community.
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