Société de Bourse Gilbert Dupont (Gilbert Dupont), a wholly owned subsidiary of the Groupe Crédit du Nord, which is part of Société Générale, has added connectivity to the multilateral trading facility Turquoise through SunGard’s Valdi Market Access platform.
Gilbert Dupont has been using SunGard solution, a hosted smart order routing platform, for connectivity to other trading venues, and the firm, which specializes in small and midsize companies (SME) research, now has connectivity to Turquoise, which offers access to a range of stock across Europe and the U.S. SunGard notes that this MTF, which is majority-owned by the London Stock Exchange Group, has seen strong growth since early 2014 as its focus on improving liquidity has led to consecutive months of market share growth.
“We’re delighted to welcome Gilbert Dupont to Turquoise through SunGard’s technology. Their membership underlines the opportunity Turquoise provides our member firms in France where we have seen a 50 percent growth in our share of the CAC40 over the last six months and, pleasingly, even higher gains in the trading of smaller names. We are continuing to expand and importantly, diversify our membership base to ensure that Turquoise provides members with the opportunity to interact with as broad and varied a set of order flow as possible,” says Robert Barnes, CEO, Turquoise.
Philippe Carré, global head of connectivity, SunGard’s capital markets business, adds: “Delivering smart access to pan-European liquidity is an essential part of SunGard’s strategy to offer enhanced value to capital markets’ players, as firms look at improving execution quality across their order flow. Key to this strategy is the ability to add new venues quickly and easily, in a cost-controlled environment.”
Gilbert Dupont Connects to Turquoise Through SunGard
Société de Bourse Gilbert Dupont (Gilbert Dupont), a wholly owned subsidiary of the Groupe Crédit du Nord, which is part of Société Générale, has added connectivity to the multilateral trading facility Turquoise through SunGard’s Valdi Market Access platform.