Chilean Markets Now Open to the World

FIX Flyer, GBM and Bloomberg Team Up to Offer DMA

March 28, 2012

New York, New York — FIX Flyer, a leader in solutions for electronic trading, monitoring and global connectivity, announced today that it is providing a solution for Grupo Bursatil Mexico (GBM) to directly access liquidity on the Bolsa de Comercio de Santiago in Chile from the Bloomberg network.  Using FIX Flyer’s technology and Bloomberg’s Sell-Side Order and Execution Management Solution (SSEOMS), GBM can seamlessly provide their clients direct market access (DMA) to the Chilean exchange through Bloomberg’s world-class connectivity.

“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, the premier platform for real-time and historical financial data, news, research and analytics.  FIX Flyer, GBM and Bloomberg introduced the service to their customers such as brokers, hedge funds, institutional asset managers and proprietary traders and invited them to start trading.

“FIX Flyer’s role as the technology provider for connecting GBM and Bloomberg users to the Bolsa de Comercio de Santiago is the latest demonstration of how we are committed to becoming the premier technology provider for FIX in Latin America, providing the trading community with the tools they need to manage their electronic trading and build lasting business,” said Brian Ross, CEO of FIX Flyer. “Today’s announcement and our active collaboration with GBM and Bloomberg will be looked at as the inflection point for how connectivity is evolving from concept to mass utilization throughout Latin America.”

Geoffrey Patsch, Bloomberg’s Global Head of SSEOMS said, “Bloomberg is pleased to extend its network to GBM and the Latin American trading community. This partnership demonstrates our strong commitment to the region and our ability to quickly and efficiently connect market participants through Bloomberg’s global trading platforms.”

FIX Flyer is also working with brokers and vendors in the region to make it easier to attract order flow from the leading financial centers in the world. Because FIX Flyer’s technology has been certified all over the world, it works seamlessly with major networks, trading systems, and Bloomberg. Bloomberg and GBM prepared the service for production with FIX Flyer and the Bolsa de Comercio de Santiago in December 2011.

For GBM and other sell-side equity firms, Bloomberg SSEOMS delivers global order and execution management solutions for front-end sales and trading, and middle and back office operations. For more information, please contact Drey Dias, Bloomberg’s Head of Latin America Trading Solutions, at dkdias@bloomberg.net or +55 11 4502 1802 in Latin America.

About GBM

Founded in 1985, Grupo Bursatil Mexicano (GBM) is an independent investment and brokerage firm based in Mexico. With more than 30 years of experience in Mexico’s financial market, GBM has been characterized by its strength and leadership in asset management, the development of the most advanced electronic platform within the Brazilian, Chilean, Mexican and American markets, and a knowledgeable and experienced management team that has been at the firm since being founded.

About FIX Flyer

FIX Flyer develops and operates advanced technology for anaging complex, multi–asset, institutional securities trading using highly scalable software and network technologies.

Since 2005, as an agile technology provider, we have partnered with our 170+ clients worldwide, including UBS, Barclays, TD Ameritrade, Fidelity, Berenberg, Unicredit, GBM, Interacciones, Bank of America Merrill Lynch, Goldman Sachs, and more to build high quality, feature-rich software.

Flyer has built a team of operational experts who manage and provide Managed FIX software-as-a-service. Our subject matter experts create and operate FIX servers for you to realize the full potential of our software to deliver the highest level of service and return on investment.

The FIX Flyer Engine is the first FIX server designed to manage high volume, ultra low latency trading networks and ECNs, easily scaling to thousands of connections.

FIX Flyer also provides the Daytona trade surveillance monitor, the F1 Risk Control Gateway, the Ignition regression test and certification tool; the Flyer Online hosted Order Management System, and the Flyer Trading Network.

FIX Flyer has headquarters in New York City with offices in Boston and Hyderabad India.

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About FIX Flyer

With over 120 clients worldwide, FIX Flyer develops advanced technology for managing complex, multi–asset, institutional securities trading using highly scalable software and network technologies.

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