Leading Latin American Broker Dealer Speeds Development for Algorithmic Trading in MILA
FIX Flyer, leader in solutions for electronic trading, monitoring and global connectivity, announced today that Larrain Vial, one of the leading brokerage houses in Chile, is leveraging FIX Flyer’s Ignition Trade Simulation and Certification tool to thoroughly test in-house algorithms and connectivity to the exchange and to MILA, the network linking the Santiago Stock Exchange, Colombian Exchange and Peruvian Exchange together. Ignition simplifies testing by capturing complex testing scenarios that are used for simulating the exchanges and their institutional client trading.
“FIX Flyer Ignition has allowed us to rapidly deploy new algorithms for customers all over the world,” said Angello Carrasco, Head of Electronic Trading Systems at Larrain Vial. “With Ignition, we have automated the testing and development of new features to our electronic trading platform, letting us be very sure about releasing new algorithms and thoroughly test our FIX connections with our counterparties and the exchanges including MILA.”
Ignition is a desktop tool that has a powerful GUI based test case management system that is used to catalog thousands of scenarios and simulations for real time trading. Once test cases are built, they can be run standalone or as part of a full regression test on any FIX based trading system. Detailed reporting and analysis are provided with Ignition’s easy to use reports.
“We are delighted to be working with Larrain Vial and are especially glad that they realize writing great software needs thoroughly automated testing tools,” said Brian Ross, CEO of FIX Flyer. “We continue our commitment to be the premier technology provider for FIX in Latin America, so that we can provide the trading community with the tools they need to manage their electronic trading and build lasting businesses,” he adds.
FIX Flyer is also working with many other firms in the LatAm region to make sure that their FIX infrastructure is as good or better than the greatest trading centers in the world.