CI Casa de Bolsa Selects FIX Flyer for Electronic Trading and Pre-trade Risk

August 5, 2014

New York, New York — FIX Flyer, leaders in solutions for electronic trading, electronic access and global connectivity, announces today further expansion into Latin America with the addition of CI Casa de Bolsa, a leading Mexican investment bank. CI Casa de Bolsa has selected FIX Flyer’s Managed FIX for their messaging infrastructure in order to provide high-speed FIX order routing services for their clients in North America to the Bolsa Mexicana de Valores (BMV). FIX Flyer was selected because it is a complete solution as a service that includes low latency pre-trade risk checks and a highly efficient adapter for routing client orders to the BMV. FIX Flyer manages the solution remotely from their global operations centers in New York and Hyderabad, India.

There continues to be a strong interest in the Mexican markets from the global investment community. The overwhelming majority of investors trading in Mexico are looking for expertise from a Mexican broker with local market structure knowledge and and robust technology. By implementing the FIX Flyer solution, CI now provides state of the art routing and connectivity services making it easy to access the Mexican market.

“We chose FIX Flyer because of their excellent reputation servicing the local broker dealer community in Mexico and the rest of Latin America” says Mauricio Suarez, Head of Electronic Trading at CI Casa de Bolsa. “FIX Flyer gives us the solutions to support our clients at the highest levels of service for electronic trading.”

Brokerage firms in Mexico are required to handle the client order before routing to the BMV. In order to support algorithms and High Frequency Trading (HFT), FIX Flyer provides many low latency risk checks both pre-trade and intraday that systematically minimize the inherent risks associated with algorithmic orders. The implementation of FIX Flyer risk controls dramatically reduces situations where a client, broker or the market may be adversely affected by flawed electronic orders. For example, FIX Flyer can block trading outside of price bands preventing trades from kicking off an automated auction as required by rules at the BMV. The absence of such risk controls can have adverse implications on maintaining an orderly market.

“We are excited to be working with CI”, said Brian Ross, CEO of FIX Flyer. Continues Mr. Ross, “we are delighted that CI Casa de Bolsa believes in both our FIX infrastructure and our risk controls as part of their growth strategy. No other company in the world matches our expertise and quality in Latin America and great performing FIX software with risk controls is the key to providing efficient and orderly markets around the world.”

About FIX Flyer

With clients worldwide, including UBS, Barclays, Larrain Vial, GBM, Bank of America Merrill Lynch, Goldman Sachs, and JP Morgan, FIX Flyer develops advanced technology for managing complex, multi-asset, securities trading using highly scalable software and network technologies. FIX Flyer provides the high performance F1 Risk Gateway; Exchange Adapters; Managed FIX services; the Daytona trade surveillance; the Ignition regression test tool and the Flyer Online OMS. The Flyer Engine is the first FIX server designed to manage high volume, ultra low latency trading networks and Dark Pools, easily scaling to thousands of connections. FIX Flyer hosts and partners with Equinix, the leading global provider of networks neutral data center. FIX Flyer is an IBM Business Partner with real world experience on System X and Power. FIX Flyer has headquarters in New York City with offices in Boston and Hyderabad India.

About CI Casa de Bolsa

CI Casa de Bolsa offers “working care orders” desk for high touch trading, with expert sales trading service fully dedicated to execute transactions with the highest quality possible. CI also offers Direct Market Access to the Mexican Stock Exchange. The main goal of CI Casa de Bolsa is to provide informative flow, market perspective, local flavor, and help to formulate effective trading strategies. CI is one of the most important independent pure agency Broker/Dealers in Mexico. Being unaffiliated with any large financial conglomerate gives us operating efficiencies that widely benefit our institutional clients.

For more information about CI Casa de Bolsa please contact:

Mauricio Suarez
Head of International Sales
Phone: +52 55 5229-3247
Email: msuarez@cibolsa.com

  • Share

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.

Learn More