London, UK – Tuesday 15th December – The Ukrainian Exchange has certified SunGard’s GL Stream gateway software for connectivity to its markets. SunGard can now deliver market data and trading access to the exchange for both local and international brokers.
Oleg Tkachenko, chief executive officer for the Ukrainian Exchange, said, “Electronic trading is growing among our 120-plus members and their clients, and direct market access trades can be entered directly by members’ clients. SunGard’s GL Stream gateway software and network connectivity can help to develop this business internationally.”
Yassine Brahim, president of SunGard’s global trading business, commented: “Facilitating electronic trading in countries where the financial communities are enhancing their IT infrastructures is a key part of SunGard’s trading strategy. SunGard looks forward to working with local and international brokers who are growing their businesses on the Ukrainian Exchange.”
About Ukrainian Exchange
The Ukrainian Exchange went live on March 26th, 2009 and has been strengthening its technology leadership in launching order-driven trading, DMA, online index calculation, CCP and repo. The Ukrainian Exchange organizes trading on securities (shares, corporate bonds, municipal bonds and securities on mutual investments funds). It also allows connectivity with DMA systems to provide access to the market for individual investors and algorithmic trading. 140 firms are listed on the Ukrainian Exchange. In November 2009, over Hryvnia 580 millions (€48 millions) were traded on the exchange.
About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com/
Trademark Information: SunGard, the SunGard logo and GL Stream are trademarks or registered trademarks of SunGard Data Systems Inc or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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