Itiviti Selected by Chile’s Larrain Vial to Develop Latin American Markets

Itiviti, a technology provider for the capital markets industry, announced today that Chilean brokerage Larrain Vial has chosen Itiviti’s next generation FIX Engine, Catalys, to support its electronic Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term needs.

This is the latest in a series of partnerships for Itiviti who earlier this year announced that it had been engaged by the Canadian Securities Exchange (CSE) to implement a fully-automated regression testing solution, as reported by Finance Magnates in May.

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Catalys

Catalys is a FIX protocol messaging infrastructure for the capital markets industry which 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-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term, multi-market trading and managing all FIX data flows across the ecosystem, enabling 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 across the globe.

We are dedicated to helping the FIX community in Chile and assisting Larrain Vial with their execution and routing needs.

Peter Mott, VP Sales at Itiviti, commented: “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. We are dedicated to helping the FIX community in Chile and assisting Larrain Vial with their execution and routing needs.”

First US-Authorised Chilean Brokerage

Larrain Vial has played a major role in the development of the capital markets in Latin America and was the first Chilean brokerage to be authorised to operate in the United States. The firm has over $18.7 billion in assets under management.

Claudio Larrain, Managing Partner at Larrain Vial, said: “After thoroughly reviewing our options, we selected Catalys by Itiviti to replace our legacy system. 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.”