A series of technological partnerships in Latin American markets is helping international investors gain easier and more efficient access to the region’s markets.
FIX Flyer, a provider of trading technology and connectivity solutions, is providing a solution for brokerage Grupo Bersatil Mexico (GBM) to directly access liquidity on Chile’s Bolsa de Comercio de Santiago using the Bloomberg Network.
Using FIX Flyer’s technology and Bloomberg’s sell-side order and execution management system, GBM can provide their clients direct market access to the Chilean exchange. The bourse is also a member of the Mercada Integrado Latino Americano (MILA), a project that unites the stock exchanges of Chile, Colombia and Peru.
“Today, we are the only broker in the world that offers DMA for the Chilean markets from Bloomberg,” said Sebastien Rey, managing director of electronic trading at GBM. “With FIX Flyer, we’re building a complete trading ecosystem that for the first time will make it possible to access the Chilean market directly through Bloomberg.”
GBM’s newest service is currently in production and available to all Bloomberg users through the Bloomberg Professional service.
Meanwhile, trading connectivity provider Ullink has added an order management system including pre-trade risk management, trading screens and integrated market data, to complement its direct market access to the Santiago exchange.
The link gives Ullink customers access to the Chilean exchange through the vendor's connectivity and order routing trading platform.
“Since the opening of Ullink’s Sao Paulo office in 2009, Ullink has provided a superior solution with customised software and local support needed for multi-asset and cross-border trading in Latin America,” said Laurent Useldinger, CEO of Ullink. “We are pleased to provide certified connectivity to Bolsa de Comercio de Santiago, for our clients to take advantage of the growing market opportunities in Chile.”
Another technology vendor, FlexTrade, has announced take up of its FlexOMS system by Brazilian broker Agora, which plans to use the OMS for direct market access to Brazil’s BM&F Bovespa exchange.
Designed as a global multi-currency, multi-asset platform, FlexOMS offers support for cash, program, pairs, exchange-traded fund and algorithmic trading. It also includes integrated compliance and risk management, and is available as a hosted or enterprise solution.