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SunGard opens Kuala Lumper GL Net hub

SunGard has opened a new hub of its GL Net low-latency market data and order routing network in Kuala Lumpur, Malaysia.

The hub, which is the eighth to be opened in the Asia Pacific region, will provide international investors with access to Bursa Malaysia, the Malaysian equity and derivatives exchange. Local financial institutions will also gain access to SunGard’s 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.

Bursa Malaysia operates a fully integrated exchange offering trading, clearing, settlement and depository services. It is one of the largest bourses in Asia, with almost 1,000 listed companies. By opening this new GL Net hub, SunGard will help international investors send electronic orders cost-effectively to Malaysian brokers via GL Net, helping them trade on the Bursa Malaysia and create new investment opportunities.

Vincent Burzynski, chief product officer for SunGard’s global trading business, 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.”

Source: SunGard, 23.04.2009

Filed under: Asia, Exchanges, Islamic Finance, Malaysia, Trading Technology, , , , , , , , ,

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