Société Générale's Quantitative Electronic Services (QES) automated trading division has added Chile to its list of trading destinations.
As a result, institutional clients of the France-based investment bank will be afforded direct market access and algorithmic trading capabilities to the Chilean domestic market, the Santiago Stock Exchange.
The connection to the exchange for DMA and algorithmic trading will be routed via a local Chilean broker, although it will not have access to the flow sent by Société Générale before it hits the exchange.
Chile represents the tenth emerging market served by Société Générale's QES unit and the fifth destination in the Americas, joining equity markets in the US, Canada, in Brazil and Mexico.
The bank's cash equities team provides also execution services for equities and exchange-traded funds across 65 markets globally.
Latin American markets have been an increasing focus for investment banks looking to build out their global execution offerings, particularly in Brazil. Trading technology supplier Fidessa also added the Santiago Stock Exchange to its global connectivity network in May 2010.