UNX LLC is teaming up with INTL Trading, Inc. to deliver customized electronic trading solutions for Mexican and Latin American markets for distribution through the UNX Catalyst trading platform, according to today's announcement. INTL Trading Inc., a wholly owned subsidiary of INTL FCStone which provides execution and advisory services in commodities, capital markets, and currencies, will deploy Catalyst as its internal execution management system (EMS) as well as distribute Catalyst terminals to its institutional clients around the world.
INTL is also is joining the multi-broker UNX Marketplace, where it will become a broker destination. UNX is an independent provider of trading technology platforms as well as a global agency broker. As part of their strategic partnership, the firms are collaborating to develop functionality specifically for the Latin American client base and region. INTL Trading will integrate its proprietary intellectual property into Catalyst for its select client base using the Catalyst Software Development Kit (SDK).
Will Dennis, Managing Director of the Electronic Trading Group for INTL Trading, cited Catalyst’s open-technology framework and extensibility as well as the UNX service model as the important factors in choosing UNX as a partner. “Compared to other EMSs, Catalyst offered several major advantages: it’s easy and fast to deploy, the level of customer support is superior, and its open-technology framework and extensibility provide unparalleled flexibility as our overall electronic trading strategy evolves,” Dennis explains in a prepared statement. “Using the SDK, we’ll be able to create customized and region-specific plug-ins to deliver value added services and enhance our clients’ trading experience,” Dennis adds. Commenting in the same release, UNX’s CEO, Thomas Kim, states: “This agreement affirms our commitment to invest in delivering our next-generation trading technology to such increasingly important markets as Latin American and Mexico. Given INTL Trading’s strong presence in these regions, we are excited to be their strategic growth partner as well as offer their market-leading services to our UNX Marketplace clients.”
This news follows the June 16 announcement that UNX has received a new round of funding from existing investors Broadhaven Capital Partners, Goldman Sachs, Matthew Pritzker Company and Vernon & Park Capital, as well as from a select group of private investors.
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