Banchile Selects Fidessa for Sell-Side Trading

Santiago-based Banchile is the third-largest brokerage in the country.

Chilean broker Banchile has chosen Fidessa's Latin American sell-side platform to support its trading activities, the UK-headquartered vendor has announced.

Along with order management system technology and access to Fidessa's global connectivity network, Banchile will gain access to algorithmic trading tools, and a high level of straight-through processing from order creation to routing. The platform is delivered on a software-as-a-service (SaaS) basis.

"We are delighted to add Banchile to our growing Latin American client base, demonstrating the strong demand for Fidessa solutions by domestic and international market participants," says Alice Botis, Head of Business Development for Latin America at Fidessa. "We are seeing a lot of activity in the Andean region with firms replacing legacy vendor and proprietary systems and investing in customizable, high-throughput, low-latency trading solutions to enable high-quality execution, greater operating efficiency and a solid basis for growth."

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