Santiago Stock Exchange Selects StreamBase
First Published Tuesday, 31st January 2012 02:30 pm from StreamBase Systems : Mark Palmer
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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
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."
big customer announcements to come in 2012! Stay tuned!