Direct market access

Fidessa exchange link supports electronic trading in Chile

Trading technology company Fidessa has implemented a link to Chile’s Santiago Stock Exchange that will allow clients to route orders to the exchange electronically.

The exchange is planning a major trading engine upgrade to handle the recent increase in direct market access and algorithmic trading flow.

Member firms will be able to route orders to the exchange using Fidessa’s trading platform or via its FIX connectivity. In addition, Fidessa’s existing global clients will be granted DMA access to the exchange.

“This partnership marks an important step in increasing direct market access for global firms looking for reliable connectivity into the region,” said José Antonio Martínez, CEO, Santiago Stock Exchange.

“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,” added Alice Botis, head of business development, Latin America, Fidessa.

The Fidessa connectivity network now links over 2,400 buy-side firms with 530 brokers and 130 markets globally. Latin American participants include Agora, Casa de Bolsa Finamex, Celfin Capita, Credit Suisse Hedging-Griffo, Fator Securities, Grupo Bursatil Mexicano, ICAP Brazil, Interacciones Itau Securities, Santander Investment Securities, and XP Investimentos.