Celfin Capital Develops Electronic Trading Capabilities with Fidessa
Celfin Capital, an investment bank in Chile, has signed to take Fidessa’s hosted trading solution and join the Fidessa network, which provides access to more than 400 brokers, 120 venues and 2,300 buy-sides around the world. The partnership will allow Celfin Capital to receive Chilean and Peruvian equity flow, opening up an essential conduit to Latin American markets for brokers and asset managers globally.
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. As part of the implementation, Fidessa is building a direct link to the Bolsa de Comercio de Santiago for them.
José Antonio Labbé, chief executive officer (CEO) of the Brokerage House, Celfin, said: “Celfin Capital has always strived to be a leader in the introduction of financial innovations to the markets in Chile and now in Peru, and through a number of key alliances we have been able to offer a wide array of derivative products and financial solutions to create a more liquid, transparent, and sophisticated financial environment for our clients. 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.”