FiNETIK – Asia and Latin America – Market News Network

Asia and Latin America News Network focusing on Financial Markets, Energy, Environment, Commodity and Risk, Trading and Data Management

Celfin Capital develops electronic trading capabilities with Fidessa

Leading Chilean broker adopts Fidessa’s trading solution and joins international trading network

Celfin Capital, one of the leading investment banks in Chile, today announced it has signed to take Fidessa’s hosted trading solution and join the Fidessa network .The partnership will allow Celfin Capital to receive Chilean and Peruvian equity flow, opening up an essential conduit to Latin American markets for brokers and asset managers globally.

Fidessa is the leading provider of multi-asset class trading, portfolio analysis, compliance, market data and connectivity solutions for the buy-side and the sell-side globally. Celfin Capital has adopted Fidessa for their electronic trading requirements along with built-in FIX connectivity to the Fidessa network enabling it to receive southbound electronic order flow. As part of the implementation Fidessa is building a direct link to the Bolsa de Comercio de Santiago for them.

José Antonio Labbé, CEO of the Brokerage House, Celfin says: “Celfin Capital has always strived to be a leader in the introduction of financial innovations to the markets in Chile and now in Peru, and through a number of key alliances we have been able to offer a wide array of derivative products and financial solutions to create a more liquid, transparent, and sophisticated financial environment for our clients. The upgrade of systems at the Bolsa de Comercio de Santiago gave us an opportunity to explore the possibilities of offering electronic order flow and onward routing capabilities and to develop truly international services for our clients. The partnership with Fidessa, and connectivity to the Fidessa network, are part of our overall goal to establish clear distinction between our services and those of our competitors, and to position ourselves as a leading broker in Chile.”

Celfin Capital chose to work with Fidessa primarily for the global reach of buy-side clients and member and non-member brokers on their network. Fidessa demonstrated the ability and readiness to work with Celfin Capital and evolve the solution in parallel with its business. Mr. Labbé continues: “In particular we were impressed by Fidessa’s willingness to build a direct link to the Bolsa de Comercio de Santiago for us, and the flexibility of their approach. It enables us to route orders from non-member brokers and creates a powerful proposition for global and local clients alike.”

Source: Bobsguide, 25.01.2010
Advertisements

Filed under: Chile, Exchanges, FIX Connectivity, Latin America, News, Peru, Trading Technology, , , , , , , , , , ,

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

RSS Asia and Latin America – Market News Network

  • An error has occurred; the feed is probably down. Try again later.
%d bloggers like this: