Fidessa Group, a UK-based provider of multi-asset trading, portfolio analysis, compliance, market data and connectivity solutions, has received certification to provide access to the Santiago Stock Exchange in Chile.
The partnership is in preparation for the Santiago Stock Exchange’s forthcoming trading engine upgrade that is being introduced to accommodate increasing volumes resulting from new DMA and algorithmic flows.
Fidessa claimed that its interface with the Santiago Stock Exchange will provide member firms access to electronically route orders to the exchange via the Fidessa trading platform or by directly leveraging Fidessa’s FIX connectivity.
Jose Antonio Martinez, CEO of Santiago Stock Exchange, said: “This partnership marks an important step in increasing direct market access for global firms looking for reliable connectivity into the region. A technology partner such as Fidessa offers the quality and reliability we require to service both our local and global constituents.”
Alice Botis, head of business development for Latin America at Fidessa, said: “We have worked hard to provide superior technology and customer service to clients in Latin America. By certifying with the Santiago Stock Exchange, we can provide valuable services such as direct market access, improved trade order entry and better algorithmic trading tools to global brokers and buy-sides who wish to trade more efficiently on the exchange.”