IM Trust, the Chilean asset manager and financial institution, has selected Fidessa to act as its core technology platform, and plans to leverage Fidessas global community to support its plans for expansion around Latin America and globally.
The Santiago-based full-service brokerage house will use Fidessa as its sell-side trading system provider on a Software as a Service (SaaS) basis for local and foreign clients.
IM Trust will be using Fidessas trading platform for straight-through processing of cross-currency trading, order inception, trade routing and confirmation. In addition, it will use Fidessas advanced trading tools for algorithmic and basket trading as well as market data services. Following the implementation in Chile, Fidessa will be supporting IM Trust in its future plans for the Andean region, most notably Peru and Colombia.
This is a strategic move for us as investors across the world and locally 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 Fidessas 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.
Alice Botis, Fidessas head of business development in Latin America, adds: As electronic trading takes hold across Latin America, there is a very strong demand for world-class systems to provide advanced trading tools and quality execution services to augment the portfolio of services a broker can provide to their clients. It is our continuing success in these local markets and the drive to provide professional local support that has led to our recent office opening in So Paulo. We are delighted to be supporting IM Trusts expansion by providing the tools they need to offer the best possible standard of execution in the regional marketplace.
(CG)