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Primary and Rofex launch e-trading platform in Argentina

19 July 2007  |  1811 views  |  0 Source: Primary

Primary, the leading supplier of electronic trading services, solutions and technology in Latin America, and Rofex, the largest futures exchange in Argentina, announced today that Primary FIX -the new platform that will provide transactional access to all Rofex divisions and products- is now up and running.

"This is the beginning of the open era for electronic trading in Argentina," stated Ignacio Plaza, Managing Director of Primary.

"With this new service based on the FIX international standard, agents, hedge funds, professional traders and other clients will be able to multiply their access possibilities and trade via mobile phones, web pages, Excel spreadsheets, or to develop their own applications as well as trading and distribution platforms," explained Plaza.

"This technological evolution was one of our strategic objectives for this year. We are now ready to integrate with other markets and traders worldwide, and especially to achieve transactional interconnection with BM&F in the short term," pointed out Luis Ossola, Chairman of Rofex.

"Even other software companies will be capable of offering alternative access platforms to local brokers and clients, as is standard practice in developed countries," commented Managing Director of Primary Alfredo Conde.

According to Diego Fernández, General Manager of Rofex, "This milestone renews the technological leadership, observance of international standards and openness spirit prevailing in the local market."

"We are very proud of this new achievement, which implies a big leap for local markets and reaffirms our leadership in electronic trading solutions in the region," added Alfredo Conde.

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