BRED Banque Populaire, the cooperative commercial bank of one of the largest banking groups in France, Groupe BPCE, has gone live with SunGard’s Valdi outsourced trading services.

SunGard is hosting the application in a managed services environment. BRED will use SunGard’s Valdi Market Access to connect to electronic equity, fixed income and derivatives markets worldwide.

“We recently decided to extend the reach of our memberships to cover Euronext equities’ markets, beyond our original derivatives market access franchise. SunGard gave us the possibility to manage our total cost of operations and the potential to expand to new markets quickly and effortlessly,” said Patrick Lixi, head of project management, BRED.

Following the successful migration of its derivatives markets’ trading infrastructure to the Valdi Market Access platform, BRED extended its relationship with SunGard to add hosted connectivity to the pan-European Euronext equities market.

“Financial institutions are looking at smarter ways to better control their operational cost structure, while expanding the range of services they can access. SunGard’s Valdi Market Access service offers clients flexibility, accelerates go-to-market strategies and enables clients to outsource the complexity of the capital markets’ ecosystem,” said Philippe Carré, global head of connectivity, SunGard’s capital markets business.