Itau BBA Securities, the brokerage arm of Itau Unibanco based in Sao Paulo, has deployed SunGard's Valdi Order Management System (OMS), Valdi Liquidity Solutions and GL Selector to help it manage execution, trading and risk from a single platform.
Itau is also now connected to the SunGard Global Network giving it access to over 500 brokers and 110 markets around the world. SunGard will help Itau trade multiple asset classes and source new liquidity to help drive growth and increase revenue.
Itau BBA Securities has the largest coverage of investment research in Brazil, as well as a vast global sales team located in major financial centers in the world, including New York, London, Dubai, Hong Kong, Tokyo and Sao Paulo.
SunGard’s Valdi helps Itau trade different types of securities on multiple markets and automate the trade lifecycle across asset classes.
GL Selector provides pre-trade risk management on all equities and derivatives order flow, helping Itau traders reduce risk by centralizing risk management capabilities.
The SunGard Global Network helps Itau better serve its clients by providing them with access to an extensive trading networks, increasing their access to liquidity.
Itau BBA Securities CEO Christian Egan said with SunGard’s Valdi, GL Selector and the SunGard Global Network, Itau now has a solution that supports the entire trade lifecycle.
SunGard’s trading business president Raj Mahajan said SunGard’s Valdi will allow Itau to use one provider for its trading needs, helping it increase revenues through global growth opportunities, reduce costs through economies of scale and centrally manage risk.