Mexican Broker Implements FIX Flyer

Actinver Grupo Financiero is using Fix Flyer's engine for routing client orders to the Bolsa Mexicana de Valores as well as Daytona Monitoring to measure latency of FIX sessions with all counterparties.

Fix Flyer announced that Actinver Grupo Financiero, one of Mexico’s leading brokers has implemented both the company’s FIX Flyer Engine and Daytona Monitoring for their FIX messaging infrastructure in order to provide advanced electronic trading services to their clients worldwide.

By adopting the global trading standard, Actinver is in a strong position to attract electronic order flow from all over the world, according to today’s release.

Actinver uses Flyer’s FIX Engine for routing client orders to the Bolsa Mexicana de Valores, the equities exchange in Mexico. Actinver uses Daytona to support and monitor FIX sessions with all of their counterparties. Daytona provides dynamic, real-time alerting, latency metrics, and real-time order chain management. Using FIX Flyer’s tools, Actinver is very responsive to their client’s needs for efficient processing of their orders with high levels of support.

“We have embraced the vision of electronic trading in order to provide the very best execution for our increasingly sophisticated clients,” stated Gerardo Roman, Head of Electronic Trader in Mexico City. The firm adopted FIX Flyer’s solution two years ago, said the trader. "Because of the firm's superb performance and high-touch service, we have been able to aggressively expand our algorithmic and low-latency trading programs for the direct benefit of our institutional clients around the globe.”

Actinver chose FIX Flyer for the core FIX components since the solution citing its ease of use, allowing them to bring new electronic services to market quickly. In addition, Actinver needed to ensure that the solution would give all of their client’s comfort that they can handle a dynamic and quickly emerging marketplace in Mexico. With over 160 clients worldwide, including UBS, Bank of America Merrill Lynch, Goldman Sachs, and J.P. Morgan, FIX Flyer develops advanced technology for managing complex, multi-asset, institutional securities trading using highly scalable software and network technologies.

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