InterBolsa Comisionista de Bolsa Joins Fidessa Global Connectivity Network
Colombian Broker Expands Trading and Execution Services to Latin American Markets
New York, June 1st, 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 InterBolsa Comisionista de Bolsa, one of the leading receiving brokers in Colombia, has joined the Fidessa connectivity network - one of the largest trading networks in the industry. The partnership will allow InterBolsa to provide an expanded range of Colombian trading and execution services to Fidessa's global user base including direct market access (DMA) and the ability to route care order flow.
Fidessa is the leading provider of award-winning multi-asset class trading, portfolio analysis, compliance, market data and global connectivity solutions for the buy-side and sell-side. The partnership will increase retail and institutional trade flow going into the region and boost InterBolsa's trade volumes which currently represent 15% of all equity markets and 28% of all asset classes traded on the Bolsa de Valores de Colombia (BVC).
Andrés Uribe, InterBolsa OnLine Manager, commented: "As the first Colombian broker to be FIX certified and offer DMA access, we needed a world-class partner such as Fidessa to help with the rapid growth for our execution services. Their unparalleled connectivity network allows us to attract new order flow and gives us the breadth to offer Colombian market access to global customers."
Access to InterBolsa's execution services is available via a direct FIX connection or fully integrated into Fidessa's own products - including the Minerva OEMS and EMS Workstation for the buy-side, and its sell-side trading platform solutions.
Alice Botis, Head of Business Development, Latin America at Fidessa, adds: "Fidessa continues to expand it's commitment to the Latin American marketplace and we are always looking to improve execution services for clients in this region. We strive to work with high quality brokers in each region and are excited to have partnered with InterBolsa to expand our footprint in the Colombian market."
Fidessa recently announced that it signed a deal to provide Celfin Capital in Chile with its hosted trading technology, and has also added over 16 valued Latin American brokers to its connectivity network including: 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.
About InterBolsa S.A. Comisionista de Bolsa
InterBolsa S.A. Comisionista de Bolsa is the leading broker in the Colombian Stock Exchange having 28% of the market volume. InterBolsa S.A. Comisionista de Bolsa is part of InterBolsa S.A. Holding (Colombian Stock Exchange symbol: Interbol CB), a leading financial holding which also includes Interbolsa Panama and Interbolsa Futures in the U.S. For more information, please visit www.interbolsa.com.PDF (0.03 MB)