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WSE adds SunGard’s Protegent, Valdi for market abuse supervision

Warsaw Stock Exchange (WSE), a securities exchange in Central and Eastern Europe, has implemeted SunGard's Protegent compliance system and Valdi electronic trading tools for real-time surveillance and monitoring of trading activity on the exchange.

Based in Poland, WSE said that addition of the aforesaid two technologies will enable it to oversee the activities of members connected to its trading platforms and assist in improving its capability to manage market-making activity as well as detect potential delinquent and suspicious trading patterns.

SunGard’s Protegent market abuse platform will analysis specific market conditions and trigger alerts in real time, helping the WSE comply with the Market Abuse Directive, including European Securities and Markets Authority’s (ESMA) 2012/122 Guidelines, among others.

SunGard’s Valdi will provide the WSE’s surveillance teams a detailed, real-time view of market data and trading activity regardless of the connectivity tools used by the exchange members.

Warsaw Stock Exchange management board member Adam Maciejewski said, "The WSE selected SunGard’s Protegent because it is an efficient, proven and system-agnostic solution that complements our existing arsenal of market protection capabilities."

"Valdi will help the WSE improve our ability to monitor exchange trading activity and give our surveillance team enhanced access to real-time data, helping them identify trading patterns that might reveal market abuse."

SunGard is a privately held software and services company that serves approximately 25,000 customers in more than 70 countries.