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Author: James Rundle
Source: Sell-Side Technology | 15 Dec 2011
Categories: Best Execution
Topics: Fidessa
Santiago-based brokerage house chooses Fidessa for its full technology requirements in the Andean region.
IM Trust has chosen Fidessa for its core technology provision as it expands in Latin America.
The brokerage house, based in Santiago, Chile, will use Fidessa's trading platform as its core order management system (OMS). The technology will be delivered on a software-as-a-service (SaaS) basis. Other tools utilized will include algorithmic trading and market data services.
"This is a strategic move for us as local and international turn their attention to Latin America," says Hernan Arellano, partner and head of equities at IM Trust. "We knew we needed the best possible technology to compete in the global markets and offer the best execution service in LatAm. Naturally, we conducted a thorough review of similar solutions and decided Fidessa was a perfect fit for us. Not only is Fidessa's technology sophisticated and robust, but they are already connected to a significant number of our clients and with the Bolsa de Santiago, which made our decision an easy one."
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