FIX Flyer's Ultra-Low Latency Engine Certified for Bolsa de Comercio de Santiago

New York - 12 January 2012

Creates New Trading Opportunities in Latin America

FIX Flyer, a leader in solutions for electronic trading, monitoring and global connectivity, announces that they have certified the Flyer Engine and Daytona Trade Monitor for Direct Market Access to one of the leading Latin American exchanges, the Bolsa de Comercio de Santiago.

"We are excited that FIX Flyer's Engine and Daytona Monitor are now certified to the Bolsa de Santiago," says Andrés Araya Falcone, Chief Technology Officer of the Bolsa de Commercio Santiago. "We're excited about this achievement and welcome them to work with the local trading community to offer world class FIX based DMA and algorithmic trading services in Chile and the region," he added.

FIX Flyer provides the core infrastructure software that interfaces and manages the connectivity into the Bolsa de Comercio de Santiago using FIX version 4.4. The software allows brokers to provide DMA and algorithmic trading services into the Chilean market. As a global market leader, FIX Flyer has a proven and familiar FIX interface for inbound connections from hedge fund and other traders from market centers such as New York, Chicago, London, and Mexico City, without any meaningful addition to latency. The Flyer FIX exchange adapter automatically handles any differences in FIX tags specific to the Bolsa in order to greatly reduce the amount of time to get connections live. This allows the local brokers to onboard clients quickly and with less risk to their operations.

In particular, local brokers in the region can now provide state of the art DMA services to their clients, opening up new and important opportunities for trading firms looking to increase exposure to Chile, diversifying their product portfolio. By already certifying FIX Flyer's Engine with the Bolsa de Comercio de Santiago, firms gain a significant time to market advantage. This new technology allows traders and financial firms to develop innovative high frequency trading strategies, products and services incorporating securities trading through local brokers.

"Now, the connection between this fast-growing Latin American exchange and any FIX based trading system is complete," says Brian Ross, CEO of FIX Flyer. "FIX Flyer has seen tremendous demand among local and global brokers in the region, both large and small, who need to quickly leverage the growing market opportunities in Chile."

Overall the new FIX Engine certification to the Bolsa de Comercio de Santiago establishes much-needed DMA and algorithmic trading for Chile, an emerging and booming economy.

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