Primary Trading Solutions, the Argentine leading financial technology company in Latin America, has been selected by Unigrain -the largest local futures and options broker based on the number of contracts traded- to build and operate its new order management and direct market access (DMA) infrastructure for brokers and professional and retail investors.
Through its Reuters Trading for Exchanges (RTEx) service, Thomson Reuters will be the primary international access network for professional investors and brokers around the globe, who will be able to use the more that 124,000 Reuters terminals they regularly use or to connect their automated trading systems via a FIX electronic interface.
Additionally, retail customers can choose to trade from their mobile phones or via a web browser, two services that have been available since 2008.
"We have decided to invest heavily in a trading infrastructure because we are committed to be the leaders in the development of the market and to provide best-of-breed service to our customers, as well as to enable a greater regional and global integration of local markets," stressed Daniel Adnesina, Unigrain partner.
Rafael Yasoshima, Sales Manager Latam South at Thomson Reuters said: "we are very pleased to expand the reach of our RTEx access platform to Argentine exchanges with the support of two leading companies. ROFEX and the other exchanges in Argentina have a huge development potential as evidenced in the entire Latin American region."
"The exchanges in the region are deploying new open and high-capacity e-trading platforms that are transforming the business of brokers," highlighted Ignacio Plaza, Director at Primary Trading Solutions. "Given the need to develop scalability, efficiency, global reach and multiple access channels in order to be competitive, this type of investments in technology is a widespread practice among brokers. We are proud to be responsible for leading this project, which will definitely mark a turning point in the local market."