Fidessa, a trading technology provider, has continued its expansion into Latin America with the addition of nine brokerage firms from Mexico and Brazil to its global connectivity network.
The new firms are: BES Securities; Credit Suisse Hedging-Griffo; Fator Securities; Grupo Bursatil Mexicano; ICAP Brazil CTVM; Interacciones Casa de Bolsa; Itau Securities; IXE Casa de Bolsa and XP Investimentos.
Access to these brokers’ services will be made available to clients via direct FIX connection or through Fidessa’s own front-end products, which include the Minerva order and execution management system and the EMS Workstation that it offers to the buy-side as well as its sell-side trading platforms.
The nine new brokers join fellow Latin American sell-side firms Planner Corretora De Valores and Casa de Bolsa Finamex, which were added to the Fidessa network earlier this year.
“We’re seeing increased demand in the Latin American region from both buy-side and sell-side firms as institutions in the region continue to embrace electronic trading technologies and international firms look to the region to expand the trading and execution services they can offer their clients,” said Martin Hakker, executive vice president, marketing, Fidessa, in a statement. “Having joined Fidessa’s network, these brokerage firms are now able to offer their market-leading direct market access, care, and algorithmic trading solutions to both the buy-side and sell-side via one of the largest trading networks in the industry.”
Fidessa’s connectivity network links over 2,300 buy-side institutions to more than 400 brokers and 120 markets globally for execution services.