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April 28, 2009

SunGard opens new GL Net hub in Kuala Lumpur

To provide international investors with access to the Malaysian equity and derivatives exchange

By CBR Staff Writer

SunGard has opened a new hub of its GL Net low-latency market data and order routing network in Kuala Lumpur, Malaysia, which will provide international investors with access to Bursa Malaysia, the Malaysian equity and derivatives exchange.

The company said that local financial institutions will also gain access to its GL Net network of brokers, and be able to take advantage of direct market access execution services to more than 110 exchanges and liquidity pools.

The company also said that Bursa Malaysia operates an integrated exchange offering trading, clearing, settlement and depository services. By opening this new GL Net hub, SunGard will help international investors send electronic orders to Malaysian brokers via GL Net, helping them trade on the Bursa Malaysia and create new investment opportunities.

Vincent Burzynski, chief product officer for global trading business at SunGard, said: The launch of this new hub helps us to address an increasing demand from our Asia Pacific customers for greater direct market connectivity in the region. It will also help international investors to access emerging markets in the region through the Bursa Malaysia. It is a further demonstration of our strategy to expand the GL Net network, supporting the growth of electronic trading and helping customers to find new investment opportunities.

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