Santiago Stock Exchange Selects StreamBase

First Published Tuesday, 31st January 2012 02:30 pm from StreamBase Systems : Mark Palmer

The opinions expressed by this blogger and those providing comments are theirs alone, this does not reflect the opinion of Automated Trader or any employee thereof. Automated Trader is not responsible for the accuracy of any of the information supplied by this article.


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!

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