Bolsa de Comercio de Santiago Selects FIX Flyer For Monitoring and Onboarding

New York and Santiago, Chile – 11 April 2017

FIX Flyer, a leading financial technology company providing electronic trading software and services, announces Bolsa de Comercio de Santiago (BCS), Chile’s leading exchange, deployed Flyer’s Daytona Trade Monitor in conjunction with the Exchange’s next generation HT Trading Platform.

BCS selected Daytona to monitor its next generation HT Trading Platform as part of a major modernization of Chile’s capital market boosting performance and improving market efficiency.

“Daytona helps us monitor and scale our HT Trading Platform, ushering in a new generation of performance and efficiency in our marketplace.” – Andres Araya, BCS CTO

Daytona monitors 11,000+ FIX order routing and market data connections running on a virtualized platform located at the Entel data center. The connections are automatically detected based on network traffic, eliminating significant operational risk. Each connection is presented in a real-time user dashboard improving response time and allocation of duties.

User dashboards are powered by the new Metrics framework, which displays latency and other analytics, as well as a configurable alert console, FIX analysis screen, and archive search tool.

BCS has dramatically reduced client onboarding time with Daytona Validation model using BCS’s Rules of Engagement. Daytona certifies each client by monitoring the user acceptance test and reporting back to both the Client and BCS operational team with conformance reports. These reports include a comprehensive summary of each test scenario and are stored in Daytona for record keeping. Most important, certification is performed automatically without requiring BCS operational team to be present.

“We are very pleased to support Bolsa de Comercio de Santiago’s rapid expansion, leveraging Daytona to monitor existing order flow, test new developments and assist in client on-boarding” – Brian Ross, FIX Flyer CEO

Bolsa de Comercio de Santiago manages a multiasset-class exchange, and currently trades over USD 1.5 billion a day in equities, fixed income securities, exchange-traded financial derivatives, money market instruments, investment funds and foreign securities. During the last decade, Santiago Exchange has expanded and evolved into a player of interest for global investors and a strategic partner for regional exchanges. It has led the offering of new instruments, such as ETFs and derivatives, and the development of best practices in the market, such as the release of recommendations of extended transparency for listed companies. Bolsa de Comercio de Santiago has one subsidiary, CCLV Contraparte Central.

With over 120 clients worldwide, FIX Flyer develops advanced technology for managing complex, multi–asset securities trading using highly scalable software and network technologies. Clients include UBS, TD Ameritrade, Envestnet, GBM, Barclays, Berenberg Bank, Bank of America Merrill Lynch, Goldman Sachs, and JP Morgan as well as major exchanges like ASX and MexDer. FIX Flyer is headquartered in New York City with offices in Boston and Hyderabad, India.

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