Too busy to keep up on the news! Last week, the Santiago Stock Exchange (SSE) (Bolsa de Comercio de Santiago) announced a strategic partnership with StreamBase Systems to provide algorithmic trading tools for the Chilean market. StreamBase CEP will be integrated into SSE's electronic trading platform, Telepregon, offering local brokers advanced order execution algorithms.
Time to market and ease of use, again, were the key reasons for the SSE's choice of StreamBase: "We chose StreamBase as a partner for their rapid developer environment StreamBase Studio in addition to their extensive connectivity options," said Andrés Araya Falcone, CIO at the Santiago Stock Exchange. "StreamBase's graphical development environment allows us to easily provide software as a service to local brokers and other market participants for building their own algorithms. The Chilean market is still at an early stage of tremendous growth, and it is critical to us as an exchange to bring in the best technology available to our local market."
Danielle Tierney, Senior Analyst at AITE Group commented, is one of the leading analysts about the capital markets in South America. She was quoted as saying this about the news: "As the region's third largest market after Mexico and Brazil, Chile is an important Latin American market with a history of strong performance based on solid fundamentals. The Santiago Stock Exchange is also making significant progress in the development of its trading infrastructure to facilitate the expansion of investment opportunities. SSE's participation in the MILA initiative and its efforts to support growth in electronic trading are only the beginning of many promising things to come."
Lots more big customer announcements to come in 2012! Stay tuned!
