NYSE Technologies extends SFTI network to Mexico
23 February 2011 | 2850 views | 0
Source: Nyse Technologies
Interacciones Casa de Bolsa of Mexico (ICB) and NYSE Technologies, the commercial technology division of NYSE Euronext, today announced that ICB has joined the Secure Financial Transaction Infrastructure (SFTI) as a prime destination to Mexico.
"NYSE Technologies is excited to work with one of Mexico's leading capital markets firms on a project that further opens Mexico to more global investors while also bringing the global markets closer to local investors," said Stanley Young, CEO, NYSE Technologies. "When combined with our industry-leading technology, global footprint and unparalleled customer community, Interacciones' extensive coverage in Mexico and its focus on facilitating foreign investors in Mexico will enable us to jointly implement a new breed of direct market access solutions unlike anything available in the region."
Raúl Garduño, CEO and General Manager of ICB said "Connection to SFTI is an important step in a larger commitment to invest in next-generation electronic trading technologies. Buy-side clients in North America and Europe will have access to a complete provider of investment services in Mexico from custody to asset management, foreign exchange, research for equities, derivatives, fixed income products and stock loan. As we continue our international expansion, ICB will work further with NYSE Technologies to build and expand this technology platform, providing international investors with robust, innovative solutions for trading electronically in our markets."
NYSE Technologies' SFTI network is the highly resilient, ultra low-latency communications backbone created for the financial industry in 2002. It provides connectivity to multiple exchanges, market centers and content service providers, including all of the National Market System venues in the U.S. SFTI also connects to over 1,300 market participants and offers third-party technology products through its unique hosted solutions platform. Designed to be the industry's most secure and resilient network, SFTI is specifically built for electronic trading and market data traffic thus enabling firms to reduce their time-to-market, improve their performance and significantly lower the cost of their trading infrastructure..