Celfin Capital has adopted Fidessa for their electronic trading requirements along with built-in FIX connectivity to the Fidessa network enabling it to receive southbound electronic order flow.
The partnership will allow Celfin Capital to receive Chilean and Peruvian equity flow, opening up a channel to Latin American markets for brokers and asset managers globally.
Jose Antonio Labbe, CEO of a brokerage house at Celfin, said: “The upgrade of systems at the Bolsa de Comercio de Santiago gave us an opportunity to explore the possibilities of offering electronic order flow and onward routing capabilities and to develop truly international services for our clients.
“The partnership with Fidessa, and connectivity to the Fidessa network, are part of our overall goal to establish clear distinction between our services and those of our competitors, and to position ourselves as a leading broker in Chile.
“In particular we were impressed by Fidessa’s willingness to build a direct link to the Bolsa de Comercio de Santiago for us, and the flexibility of their approach. It enables us to route orders from non-member brokers and creates a powerful proposition for global and local clients alike.”
Martin Hakker, EVP of marketing at Fidessa, said: “We are delighted that Celfin Capital has signed up with Fidessa: As our first receiving broker in Chile, Celfin Capital enhances the reach of the network and strengthens our presence in Latin America.”
Fidessa is a provider of multi-asset class trading, portfolio analysis, compliance, market data and connectivity solutions for the buy-side and the sell-side globally.
