InterBolsa Comisionista de Bolsa, a Colombia-based broker, has joined Fidessa Group's connectivity network. Fidessa is a UK-based provider of trading systems, market data and global connectivity to buy-sides and sell-sides.
Access to InterBolsa’s execution services will be 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.
The partnership is expected to 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.
The partnership is also expected to 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).
Andres Uribe, online manager at InterBolsa, said: “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.”
Alice Botis, head of business development for Latin America at Fidessa, said: “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.”