Fidessa group (LSE:FDSA) provider of trading systems, market data and global connectivity to buy-sides and sell-sides globally, today announced that Alpes, the São Paulo based discount brokerage house, has joined the Fidessa connectivity network, one of the largest trading networks in the industry.
The move will allow Alpes to provide an increased range of Brazilian trading and execution services to Fidessa's global user base within the equities, futures and options markets. The partnership will also assist Alpes in achieving its goal of high exposure to a considerable number of market players around the world.
Pedro Machado, in charge of Institutional Sales stated: "We are thrilled to be a part of Fidessa's community because as a reliable and reputable worldwide trading network it is a natural fit with our strategy to offer customers a high-quality network and DMA access to liquidity venues. The partnership with Fidessa also supports our goal to transform Brazil into one of the leading financial markets in the Southern Hemisphere.
Alice Botis, Head of Business Development, Latin America at Fidessa, adds: "We are seeing a huge surge of activity in Brazil at the moment and Alpes's addition to our community is a further demonstration of the growth in the Latin American region and its position on the world stage. By bringing such a state of the art suite of services such as Alpes's on board we have even more comprehensive coverage of the region than before and with Alpes's commitment to delivering the lowest latency possible we are confident that we offer another great Brazilian brokerage to our network."