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Fidessa Expands Access To Latin America With Connection To Santiago Stock Exchange of Chile

Fidessa group plc (LSE:FDSA), provider of award-winning multi-asset trading, portfolio analysis, compliance, market data and global connectivity solutions for the buy-side and sell-side, today announced its certification to provide access to the Santiago Stock Exchange (Bolsa de Comercio de Santiago).

The partnership is in preparation for the Santiago Stock Exchange’s forthcoming major trading engine upgrade that is being introduced to accommodate increasing volumes resulting from new DMA and algorithmic flows. Fidessa’s interface with the Santiago Stock Exchange will provide member firms access to electronically route orders to the exchange via the Fidessa trading platform or by directly leveraging Fidessa’s FIX connectivity. The connection will also provide Fidessa’s global clients with direct DMA access to the Santiago Stock Exchange.

José Antonio Martínez, CEO at the Santiago Stock Exchange, commented: “This partnership marks an important step in increasing direct market access for global firms looking for reliable connectivity into the region. The Santiago Stock Exchange is an undisputed cornerstone in Latin America’s capital markets and a benchmark for excellence among domestic and foreign investors. A technology partner such as Fidessa offers the quality and reliability we require to service both our local and global constituents.”

Alice Botis, Head of Business Development Latin America at Fidessa, adds: “We have worked hard to provide superior technology and customer service to clients in Latin America. By certifying with the Santiago Stock Exchange, we can provide valuable services such as direct market access, improved trade order entry and better algorithmic trading tools to global brokers and buy-sides who wish to trade more efficiently on the exchange.” The Fidessa connectivity network links over 2,400 buy-side institutions to more than 530 brokers and 130 markets around the world, providing a “one-stop-shop” for best execution services. Fidessa recently announced that it signed a deal to provide Celfin Capital in Chile with it’s hosted trading technology, and has also added over 16 valued Latin American brokers to its connectivity network including: Agora CTVM S.A, BES Securities, Casa de Bolsa Finamex, Celfin Capita, Credit Suisse Hedging-Griffo, Fator Securities, Grupo Bursatil Mexicano, ICAP Brazil CTVM, Interacciones Casa de Bolsa, Itau Securities, IXE Casa de Bolsa, Santander Investment Securities, Planner Corretora De Valores, Terra Futuros Corretora de Mercadorias S/A and XP Investimentos.

SOURCE: Finextra, 17.05.2009

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

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