Fidessa has expanded its Latin American research with the addition of leading Mexican broker Casa de Bolsa Finamex, S.A. Bursatil de C.V. (Finamex) to its FIX connectivity network.
Finamex is a provider of a full range of electronic and traditional brokerage services in equities and derivatives to thousands of clients globally.
In a statement, Hector Casavantes Gonzalez, director of electronic trading services at Finamex, said, "There is marked interest in the global marketplace from all types of investors for cutting-edge high-tech services, with enhanced algorithmic trading functionality and other exotic access strategies such as statistical arbitrage and multi-asset basket trading."
He added, "By joining the Fidessa global connectivity network, we're able to offer our market-leading tools and services to both the buy-side and sell-side via one of the largest trading networks in the industry."
Martin Hakker, executive vice president of marketing at Fidessa, said, "Our clients have increasingly looked to expand their trading business into the Latin American markets with the use of electronic order delivery and execution. Through strategic partnerships with receiving brokers like Finamex, Fidessa continues to build its global network, providing our clients on both the buy side and sell side with the broadest access to global markets and to the leading brokerage services available within those markets. The addition of Finamex to our network provides our clients with access to a premier suite of brokerage tools for the Mexican market as well as to the specialist regional expertise that Finamex offers."