Smart order routing

Fidessa adds Brazilian bank to global network

Trading technology provider Fidessa has expanded into Latin America by adding Brazilian investment bank Planner Corretora De Valores to its global network of buy- and sell-side firms.

“In the last two years, we have seen a surge of interest in the Brazilian markets coming from the global investment community,” said Stephan de Sabrit, managing director at Planner, one of Brazil's largest brokers. “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.”

Fidessa’s connectivity network provides global trading and order-routing capabilities. It has direct connections to more than 1,800 buy-side firms and 310 broker-dealers. It also sources liquidity from the major third-party order-routing networks. The company has increased its number of connections to the network by 50% in the past year, and its message throughput has grown 200% to over 130 million messages a month.