MeritKapital goes live with SunGard’s SGN for Direct Market Access

MeritKapital Limited, an investment firm licensed by the Cyprus Securities and Exchange Commission, is providing its clients with direct market access (DMA) to the London Stock Exchange via the SunGard Global Network (SGN) international order routing service. MeritKapital also selected SGN to leverage the network’s international user community and be able to receive order flow from asset managers and sell-side firms already connected to the SGN cloud.
In addition to SGN connectivity, MeritKapital is using SunGard’s Valdi for pre-trade risk management. Valdi is integrated with SGN for improved control over the order flow.
“SunGard’s SGN provides us with integrated and reliable trading solutions. Using SunGard, we can now offer our clients efficient algorithmic trading and low latency connectivity to exchanges around the world,” said Persella Ioannides, managing director at MeritKapital.
“The SunGard Global Network can help brokers based in remote locations such as Cyprus provide financial institutions with rapid access to new countries and trading venues,” added Philippe Carré, global head of connectivity for SunGard’s capital markets business.