Itiviti, a world-leading technology provider for the capital markets industry, today announced that Larrain Vial, Chile’s premier brokerage house, has chosen the next generation FIX Engine, Catalys by Itiviti, to support their electronic execution needs.
Larrain Vial has played a significant role in the development of the capital markets in Latin America and has been in operation since 1934. With a team of over 800 experts, the firm has clients in Chile, Colombia, Peru and the United States. Larrain Vial was the first Chilean brokerage to be authorized to operate in the United States and has over $18.7 billion in assets under management.
Catalys is the leading FIX protocol messaging infrastructure for the capital markets industry. Its infrastructure platform is engineered to comprehensively address critical areas of the deal life-cycle from pre-trade, trade and post-trade operations. Catalys is built for multi-asset, multi-market trading and managing all FIX data flows across the ecosystem. It enables large global firms to build out fully transparent cross-region trading infrastructure and connect to any market as well as a multitude of internal and external counterparties and clients around the globe.
“After thoroughly reviewing our options, we selected Catalys by Itiviti to replace our legacy system,” said Claudio Larrain, Managing Partner at Larrain Vial. “This next generation FIX engine will enable us to focus on our core business while our technology partnership will prepare us for future requirements as the Latin American markets develop.”
Facilitating thousands of customer connections, distributed over multiple hubs and regions, Catalys’ system-facing connectivity provides technology adaptors for inbound, outbound and transversal system communications for exchanges, banks and brokers.
“As markets in Latin America continue to grow in size and maturity, there is a strong need for the next generation of FIX engines and infrastructure, which is ideally matched by Itiviti’s offering,” said Peter Mott, VP Sales at Itiviti. “We are dedicated to helping the FIX community in Chile and assisting Larrain Vial with their execution and routing needs.”
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