Alpes Joins Fidessa Global Connectivity Network
Electronic brokerage joins growing number of Latin American firms
New York, October 26th 2010 -- Fidessa group plc (LSE:FDSA) provider of trading systems, market data and global connectivity to buy-sides and sell-sides globally, today announced that Alpes, the São Paulo based discount brokerage house, has joined the Fidessa connectivity network, one of the largest trading networks in the industry.
The move will allow Alpes to provide an increased range of Brazilian trading and execution services to Fidessa's global user base within the equities, futures and options markets. The partnership will also assist Alpes in achieving its goal of high exposure to a considerable number of market players around the world.
Pedro Machado, in charge of Institutional Sales stated: "We are thrilled to be a part of Fidessa's community because as a reliable and reputable worldwide trading network it is a natural fit with our strategy to offer customers a high-quality network and DMA access to liquidity venues. The partnership with Fidessa also supports our goal to transform Brazil into one of the leading financial markets in the Southern Hemisphere.
Alice Botis, Head of Business Development, Latin America at Fidessa, adds: "We are seeing a huge surge of activity in Brazil at the moment and Alpes's addition to our community is a further demonstration of the growth in the Latin American region and its position on the world stage. By bringing such a state of the art suite of services such as Alpes's on board we have even more comprehensive coverage of the region than before and with Alpes's commitment to delivering the lowest latency possible we are confident that we offer another great Brazilian brokerage to our network."
Fidessa recently announced that it signed a deal to provide Bulltick Capital Markets LP with its hosted trading technology, and has also added more than 18 valued Latin American brokers to its connectivity network including: Celfin Capital, InterBolsa Comisionista de Bolsa, Agora CTVM S.A, BES Securities, Casa de Bolsa Finamex, Celfin Capita, Credit Suisse Hedging-Griffo, Fator Securities, Grupo Bursatil Mexicano, ICAP Brazil CTVM, Interacciones Casa de Bolsa, Itau Securities, IXE Casa de Bolsa, Santander Investment Securities, Planner Corretora De Valores, Terra Futuros Corretora de Mercadorias S/A and XP Investimentos.
Alpes is a fully independent Brazilian discount brokerage house headquartered in São Paulo. The company is focused on pure execution on BM&FBovespa and OTC Markets such as the Local Fixed Income and Securities lending markets.
Through the years, the company has grown its action in the retail segment and on September 2006, WinTrade was established as the Alpes retail arm, and it now has over 42.000 registered clients (8% market share in Brazil). The institutional electronic business started in 2008 and since then Alpes has been focused on DMA, Algo and HFT clients, offering them solutions such as connectivity, co-location / hosted solutions, electronic post-trading and algo environment.
For three consecutive years, Alpes has been among the 100 firms most connected, according to a survey done by one of the main financial magazines of the country, Info Exame. We also won the prize for best broker and best home broker, in the ranking produced by a major financial website, the InfoMoney. In addition to that, Alpes won the following certification stamps: Web Broker and Execution Broker, given by the Operational Qualification Program from BM&FBovespa.PDF (0.03 MB)