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ICB and NYSE Technologies to offer DMA to Mexico.

Mexican broker Interacciones Casa de Bolsa (ICB) has joined the Secure Financial Transaction Infrastructure (SFTI) network operated by NYSE Technologies, the commercial technology division of NYSE Euronext, to offer DMA for buy-side firms.

NYSE Euronext's SFTI is a low-latency communications network created for the financial industry in 2002. It provides connectivity to multiple exchanges, market centres and content service providers, including all of the National Market System venues in the US.

SFTI is specifically built for electronic trading and market data traffic thus enabling firms to reduce their time-to-market, improve their performance and significantly lower the cost of their trading infrastructure. It also connects to over 1,300 market participants and offers third-party technology products through its hosted solutions platform.

RaA*l Garduno, CEO and general manager of ICB, said, "Connection to SFTI is an important step in a larger commitment to invest in next-generation electronic trading technologies. Buy-side clients in North America and Europe will have access to a complete provider of investment services in Mexico from custody to asset management, foreign exchange, research for equities, derivatives, fixed income products and stock loan."

Stanley Young, CEO, NYSE Technologies, said, "When combined with our industry-leading technology, global footprint and unparalleled customer community, Interacciones' extensive coverage in Mexico and its focus on facilitating foreign investors in Mexico will enable us to jointly implement a new breed of direct market access solutions unlike anything available in the region."

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Publication:The Trade
Geographic Code:1MEX
Date:Feb 24, 2011
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