IXE launches state of art FIX-trading platform to Mexican Stock Exchange

15 January 2009

IXE Casa de Bolsa has introduced its state of art FIX order management system permitting a fast, efficient and transparent order routing and execution. The FIX connectivity allows IXE to certify and expedite the adoption of electronic trading with global and domestic market participants to process the increasing order flow and volumes, through its low latency Direct Market Access (DMA) to Bolsa Mexicana de Valores.

IXE has invested time and resources in revamping its electronic trading platform as institutional clients move towards electronic trading. The system enables clients of IXE to send orders of any size and type, inclusive program-, portfolio- and quant traders, and see them executed instantly.

FIX orders of any size can be accepted and executed with a transparency and efficiency. IXE is connected to a variety of different order routing networks including Bloomberg, MarcoPolo, NYFIX, BT Radianz, and Thomson-Reuters. Currently foreign and domestic clients using IXE’s system include, Investment Banks, Buy-Side Firms, Interbroker Dealers, Pension Funds, Program Traders, Quant Traders, as well as Retail clients.

IXE Casa de Bolsa is one of Mexico’s and Latin America leading broker with advanced DMA trade connectivity and technology, offering program, portfolio and quant trading.

IXE Casa de Bolsa was incorporated in 1964. Its strategy is to become an integral partner in its clients overall financial transactions. IXE Casa de Bolsa’s clients include institutionals, corporations, individuals, as well as government entities and provide access to a wide array of products and services. IXE’s financials, which are amongst the highest capitalization ratio of the entire banking system, allows IXE to reduce counterparty risk for its clients, making it a preferred broker in Mexico. With a top pan-regional sales team, IXE is able to give local expertise covering more than 100+ companies in a variety of sectors. IXE’s new order management system will expand IXE’s clients base and ultimately consolidate IXE’s overall market share as one of the top in Mexico.

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