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NYSE Euronext (NYX) and Larrain Vial today announced that NYSE Technologies, the commercial technology division of NYSE Euronext, has been selected to develop a next-generation electronic trading platform that will allow LarrainVial’s customers around the world to send orders directly to The Santiago Stock Exchange, making them the first to offer world-class Direct Market Access (DMA) connectivity to Chile.
LarrainVial and NYSE Technologies will work together to implement a best-in-class technology solution that combines comprehensive hosting software with an integrated back office platform utilizing the super-fast, resilient SFTI network.
“We are excited to work with Chile’s leading capital markets firm on a truly ground-breaking project that further opens Chile, Peru, Colombia and Argentinean marketplaces to the global investors – and puts the global markets within reach of investors from those countries,” said Stanley Young, CEO of NYSE Technologies. “With our industry-leading technology, our world reach, our customer community and Larrain Vial’ s extensive customer relationships in Chile , Peru , Colombia and Argentina , we will be implementing a new breed of direct market access solutions unlike anything currently available in the region.”
“As we continue our international expansion in Latin America, US and Europe, Larrain Vial will work further with NYSE Euronext to build and expand this new platform giving us the ability to offer our customers inside and outside Latin America a robust, innovative trading solution for trading in our markets,” said Fernando Larrain , CEO of LarrainVial. “Moreover, Larrain Vial’ s clients will have access to the most complete provider of investment services for the South American markets – from custody to asset management, foreign exchange, research for equities, derivatives and fixed income products.”
Larrain Vial, the leading regional specialist in the Chilean, Peruvian, Colombian and Argentinean capital markets with the largest distribution network in the region,thoroughly reviewed several other technology proposals before selecting NYSE Technologies to build, deploy and maintain this set of enterprise solutions for managing electronic trading connectivity for their clients worldwide. The high performance architecture of the system will provide Larrain Vial with key functionality, including lowest latency, real-time market data, and the highest throughput DMA messaging capabilities for high-frequency customers in the US and worldwide.
