Creates New Trading Opportunities in Latin America
January 12, 2012
New York, New York – – FIX Flyer, a leader in solutions for electronic trading, monitoring and global connectivity, announces that they have certified the Flyer Engine and Daytona Trade Monitor for Direct Market Access to one of the leading Latin American exchanges, the Bolsa de Comercio de Santiago.
“We are excited that FIX Flyer’s Engine and Daytona Monitor are now certified to the Bolsa de Santiago,” says Andrés Araya Falcone, Chief Technology Officer of the Bolsa de Commercio Santiago. “We’re excited about this achievement and welcome them to work with the local trading community to offer world class FIX based DMA and algorithmic trading services in Chile and the region,” he added.
FIX Flyer provides the core infrastructure software that interfaces and manages the connectivity into the Bolsa de Comercio de Santiago using FIX version 4.4. The software allows brokers to provide DMA and algorithmic trading services into the Chilean market. As a global market leader, FIX Flyer has a proven and familiar FIX interface for inbound connections from hedge fund and other traders from market centers such as New York, Chicago, London, and Mexico City, without any meaningful addition to latency. The Flyer FIX exchange adapter automatically handles any differences in FIX tags specific to the Bolsa in order to greatly reduce the amount of time to get connections live. This allows the local brokers to onboard clients quickly and with less risk to their operations.
In particular, local brokers in the region can now provide state of the art DMA services to their clients, opening up new and important opportunities for trading firms looking to increase exposure to Chile, diversifying their product portfolio. By already certifying FIX Flyer’s Engine with the Bolsa de Comercio de Santiago, firms gain a significant time to market advantage. This new technology allows traders and financial firms to develop innovative high frequency trading strategies, products and services incorporating securities trading through local brokers.
“Now, the connection between this fast-growing Latin American exchange and any FIX based trading system is complete,” says Brian Ross, CEO of FIX Flyer. “FIX Flyer has seen tremendous demand among local and global brokers in the region, both large and small, who need to quickly leverage the growing market opportunities in Chile.”
Overall the new FIX Engine certification to the Bolsa de Comercio de Santiago establishes much-needed DMA and algorithmic trading for Chile, an emerging and booming economy.
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.
About Santiago Stock Exchange
Since 1983, the Santiago Stock Exchange has been the indisputable center of the Chilean Stock Markets, providing the standards for domestic and foreign investors. It´s prime objective is to contribute to the development of the stock markets and the growth of the country, allowing companies to obtain different financing sources and allowing brokerage houses and investors to trade financial instruments in a transparent and safe environment. In terms of technology, the Santiago Stock Exchange launched its initiative to modernize the equities electronic trading system and developed Telepregon HT, which went live in June 2010. This system is ready for algorithmic trading flow, supporting a throughput of over 3,000+ orders per second with sub-millisecond latency. Santiago Stock Exchange is using FIX 4.4 to enable easier connection via DMA with other exchanges, sell- and buy-side firms and market information vendors. This has greatly facilitated the connection to different networks. For more information please visit www.bolsadesantiago.com.