Fidessa expands connectivity network with nine new Latin American brokers
New York, 3rd November, 2009 -- Fidessa group plc (LSE:FDSA), provider of award-winning trading solutions for the buy-side and sell-side, today announced the addition of nine brokerage firms, with operations in Brazil and Mexico, to its global connectivity network. This extends the range of order execution opportunities for firms looking to access the Latin America (LATAM) markets.
BES Securities, Credit Suisse Hedging-Griffo, Fator Securities, Grupo Bursatil Mexicano, ICAP Brazil CTVM, Interacciones Casa de Bolsa, Itau Securities, IXE Casa de Bolsa and XP Investimentos are now all available on Fidessa's network, and join previously announced LATAM firms including Planner Corretora De Valores and Casa de Bolsa Finamex.
Access to these brokers' services is available via 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.
Martin Hakker, EVP marketing at Fidessa comments: "We're committed to expanding our global network to provide the broadest possible range of execution services on a global basis. We're seeing increased demand in the LATAM region from both buy-side and sell-side firms as institutions in the region continue to embrace electronic trading technologies and international firms look to the region to expand the trading and execution services they can offer their clients."
Hakker adds: "Having joined Fidessa's network, these brokerage firms are now able to offer their market-leading DMA, care, and algorithmic trading solutions to both the buy-side and sell-side via one of the largest trading networks in the industry."
Fidessa's connectivity network links over 2,300 buy-side institutions to more than 400 brokers and 120 markets around the world, providing a "one-stop-shop" for best execution services. Fidessa group serves around 24,000 users across more than 730 clients around the world and are used by more than 85 per cent of tier-one financial institutions.PDF (0.05 MB)