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Fidessa
group plc , provider of the award-winning multi-asset trading, portfolio
analysis, compliance, market data and global connectivity solutions
for the buy-side and sell-side, today announced it has expanded
its Latin American reach with the addition of Casa de Bolsa Finamex,
S.A. Bursatil de C.V. (Finamex), a leading Mexican broker, to its
FIX connectivity network.
“There is marked interest in the global marketplace from all types
of investors for cutting edge high tech services, with enhanced
algorithmic trading functionality and other exotic access strategies
such as statistical arbitrage and multi-asset basket trading."
said Hector Casavantes Gonzalez, Director of Electronic Trading
Services at Finamex. “By joining the Fidessa global connectivity
network, we’re able to offer our market-leading tools and services
to both the buy-side and sell-side via one of the largest trading
networks in the industry.”
Established
in 1974, Finamex initially focused on the local money market. The
firm’s rapid growth in Mexico led it to become one of the first
Mexican brokers to expand into international markets. The firm is
now a leading provider of a full range of electronic and traditional
brokerage services in equities and derivatives to more than 50,000
clients globally.
Martin Hakker, EVP Marketing at Fidessa, commented: “Our clients
have increasingly looked to expand their trading business into the
Latin American markets with the use of electronic order delivery
and execution. Through strategic partnerships with receiving brokers
like Finamex, Fidessa continues to build its global network, providing
our clients on both the buy-side and sell-side with the broadest
access to global markets and to the leading brokerage services available
within those markets. The addition of Finamex to our network provides
our clients with access to a premiere suite of brokerage tools for
the Mexican market as well as to the specialist regional expertise
that Finamex offers.”
In
the first half of 2009, Fidessa’s global connectivity network has
continued to increase its traffic by over 20% and now carries flow
with a value of $600 billion a month. The addition of Finamex builds
on Fidessa’s expansion into Latin America earlier this year when
it added leading Brazialian investment bank Corretora De Valores.
There
are now over 400 brokers available on the Fidessa network offering
a mixture of both direct and algorithmic trading services to around,
2,300 buy-side firms across 120 markets globally.
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About
Finamex
Casa
de Bolsa Finamex (BMV: FINAMEX.O) was founded in 1974 as an independent
Mexican broker and in 1992 registered as broker/dealer in the US.
Finamex defines itself by innovative trading technology and the
highest quality service to our clients, professional and institutional
investors around the globe providing them with new investing and
trading opportunities , including algorithmic trading, DMA and other
advanced custom strategies that access all Mexican financial markets.
For more information call 011-52 (55) 5209-2100 or email Hector
Casavantes at ets@finamex.com.
About Fidessa group
Fidessa group is the leading supplier of multi-asset trading, portfolio
analysis, decision support, compliance, market data and connectivity
solutions for firms involved in trading the world’s financial markets.
Fidessa’s products and services are built on the simple vision of
making it easier to buy, sell and own financial assets of all types
on a global basis.
PEDIGREE
A dynamic, growing company with a proven track record, Fidessa is
recognised as the thought leader in the marketplace, with an unrivalled
set of products and services which set the benchmark for this industry
and, uniquely, serve both the buy-side and sell-side communities
globally.
EXPERIENCED
With
28 years’ experience delivering powerful, resilient, mission-critical
systems, Fidessa develops all its products itself from the ground
up, investing heavily in their continual evolution. The resulting
leading-edge, truly integrated solutions have established Fidessa
as the industry’s number one choice, and are used by over 85% of
tier-one, global financial institutions.
SCALE
Headquartered
in London and with regional operations across Europe, North America,
Asia, and the Middle East, Fidessa supports over 24,000 users across
730 clients, serving a broad spectrum of customers from major investment
banks and asset managers through to specialist niche brokers and
hedge funds.
ESTABLISHED
Fidessa
group is listed on the London Stock Exchange (symbol FDSA) and is
a FTSE 250 company. Fidessa has a turnover of around £200m, has
delivered 30% compound growth since its 1997 listing and now employs
1,400 people globally.
www.fidessa.com
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