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Fidessa Connects with Santiago Stock Exchange
Fidessa group plc received certification to provide access to the Santiago Stock Exchange (Bolsa de Comercio de Santiago) in Chile. The partnership was forged in preparation for the Santiago Stock Exchange's major trading engine upgrade. The upgrade is being introduced to accommodate increasing volumes resulting from new DMA and algorithmic flows.
Fidessa's interface will allow members of the Santiago Stock Exchange to electronically route orders to the exchange via the Fidessa trading platform or by directly leveraging Fidessa' s FOX 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, in the release: “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."
According to Alic Botis, head of business development Latin America at Fidessa, in the release, "By certifying with the Santiago Stock Exchange, (Fidessa) 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."
Fidessa recently announced that is signed a deal to provide Celfin Capital in Chile with its hosted trading technology, and has also added over 16 Latin American brokers to its connectivity network. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio