Emerging markets bank joins SunGard
21 May 2012 Moscow
Image: Shutterstock
Renaissance Capital, an emerging markets investment bank, has joined the SunGard Global Network (SGN) trading community. Renaissance Capital will be able to provide brokerage services for the Russian markets to the more than 2,000 asset managers and 530 brokers linked by SunGard鈥檚 international trading network.
SGN community members will also be able to route trade order flow directly to Russia鈥檚 MICEX-RTS Exchange Group and the London Stock Exchange鈥檚 International Order Book, where Russian stocks comprise 92 percent of trade volume.
Sam Atkins, head of electronic trading group product development and exchange connectivity at Renaissance Capital, said: 鈥淔irms linked to the SunGard Global Network will be able to access our advisory services and leverage our expertise to access both emerging and frontier markets.鈥�
Philippe Carr茅, global head of connectivity for SunGard鈥檚 capital markets business, added that whilst investment firms and brokerages are looking to emerging markets for new growth opportunities, connectivity to the trading exchanges in these geographies is generally complex because of the lack of infrastructure and the need for local, specialist knowledge.
SGN community members will also be able to route trade order flow directly to Russia鈥檚 MICEX-RTS Exchange Group and the London Stock Exchange鈥檚 International Order Book, where Russian stocks comprise 92 percent of trade volume.
Sam Atkins, head of electronic trading group product development and exchange connectivity at Renaissance Capital, said: 鈥淔irms linked to the SunGard Global Network will be able to access our advisory services and leverage our expertise to access both emerging and frontier markets.鈥�
Philippe Carr茅, global head of connectivity for SunGard鈥檚 capital markets business, added that whilst investment firms and brokerages are looking to emerging markets for new growth opportunities, connectivity to the trading exchanges in these geographies is generally complex because of the lack of infrastructure and the need for local, specialist knowledge.
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