Fidessa expands global network to Latin America with addition of leading Brazilian investment bank
New York, 12th January 2009 - Fidessa group plc (LSE: FDSA), provider of the Fidessa and Fidessa LatentZero trading, market data and global connectivity solutions, today announced its expansion into Latin America with the addition of Planner Corretora De Valores S/A (Planner), a leading Brazilian investment bank, to its global connectivity network.
"In the last two years, we have seen a surge in interest in the Brazilian markets coming from the global investment community," said Stephan de Sabrit, managing director at Planner. "The overwhelming majority of those investors are looking for expertise from a local broker with local knowledge of stock performance and an unbiased view of the market. Through this partnership with Fidessa, we are delighted to bring our full suite of brokerage services to one of the largest global networks of sell-side and buy-side firms."
Established in 1994, Planner is the largest broker in Brazil by number of branch offices, 24, and among the largest Latin American brokers. Planner launched its business focusing on equity research and service-oriented voice and electronic trade executions across asset classes. In 2001, the firm expanded its business to include investment banking services as demand for those services increased in Brazil and across Latin America. In mid-2008, Planner rolled out its banking services on a global level as investors demanded more services from local brokers in the Latin American markets.
Said Martin Hakker, EVP Marketing, at Fidessa: "Our clients are increasingly demanding access to services from Latin American markets as liquidity increases in the markets across the region. Also driving client demand is that investors are able to execute their electronic order flow in Latin American markets as seamlessly as they are able to for the U.S., European, Canadian and Asian markets on Fidessa's global network. Fidessa has remained committed to providing its network users with the broadest access to brokerage services globally. The addition of Planner to our global network is an important first step in providing our clients with that same access to quality brokerage services across the Latin American markets."
In the last year Fidessa's global connectivity network has increased the number of connections by 50 percent while message throughput has grown by over 200 percent to over 130 million messages a month. The Fidessa product suite provides integrated trading, market data and connectivity solutions to over 22,000 users at around 600 clients worldwide, and serves more than 85% of global, tier-one equity brokers.
About Planner Corretora De Valores S/A Planner Investment Banking is a Full Service Brokerage firm specialized in Brazilian Securities, headquartered in the Heart of the financial district of Sao Paulo, it counts with 24 offices spread through Brazil's most important cities and also with a New York location.
Having started as a regional Brokerage Firm, Planner Investment Banking became a diversified Full service Investment Bank, offering high quality services of Research, Execution, DMA, Asset Management, Private Banking, Trustee Services as well as Investment Banking.
For further information, please contact:
Stephan de Sabrit - Managing Director
Alberto Vasconcellos - Institutional Sales Equities
David Cortes - Institutional Sales Fixed Income