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Mexico’s GBM Deploys FIX Flyer’s Software for FIX Messaging

Electronic trading software provider FIX Flyer announced that Mexico-based broker Grupo Bursatil Mexicano using both the Flyer Engine and Daytona Monitoring for their FIX messaging.

Electronic trading software provider FIX Flyer announced that Mexico-based broker Grupo Bursatil Mexicano is using both the Flyer Engine and Daytona Monitoring for their FIX messaging.

As part of its strategy, GBM uses Flyer’s tools for order flow as well as routing to exchanges in Mexico, Brazil, and North America. It also deploys Daytona and the Flyer Engine to monitor and support FIX sessions with their counterparties in real-time, the company said in a statement.

“We have embraced the vision of electronic trading in order to provide the very best execution for our increasingly sophisticated clients,” Enrique Rojas, GBM’s director of international business development said in the release. “We adopted FIX Flyer’s solution two years ago, and because of their solid reliability and superb performance, 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.”

The company added that the arrangement has GBM in a strong position to attract clients beyond Mexico.

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio

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