Itiviti Selected by Chile’s Larrain Vial to Develop Latin American Markets

Itiviti, a technology provider for the capital markets industry, announced today that Chilean brokerage Larrain Vial has chosen Itiviti’s next generation FIX Engine, Catalys, to support its electronic execution needs.

This is the latest in a series of partnerships for Itiviti who earlier this year announced that it had beento implement a fully-automated regression testing solution, as reported by Finance Magnates in May.

Catalys

Catalys is a FIX protocol messaging infrastructure for the capital markets industry which is engineered to comprehensively address critical areas of the deal life-cycle from pre-trade, trade and post-trade operations.

Catalys is built for multi-asset, multi-market trading and managing all FIX data flows across the ecosystem, enabling large global firms to build out fully transparent cross-region trading infrastructure and connect to any market as well as a multitude of internal and external counterparties and clients across the globe.

We are dedicated to helping the FIX community in Chile and assisting Larrain Vial with their execution and routing needs.

Peter Mott, VP Sales at Itiviti, commented: “As markets in Latin America continue to grow in size and maturity, there is a strong need for the next generation of FIX engines and infrastructure, which is ideally matched by Itiviti’s offering. We are dedicated to helping the FIX community in Chile and assisting Larrain Vial with their execution and routing needs.”

First US-Authorised Chilean Brokerage

Larrain Vial has played a major role in the development of the capital markets in Latin America and was the first Chilean brokerage to be authorised to operate in the United States. The firm has over $18.7 billion in assets under management.

Claudio Larrain, Managing Partner at Larrain Vial, said: “After thoroughly reviewing our options, we selected Catalys by Itiviti to replace our legacy system. This next generation FIX engine will enable us to focus on our core business while our technology partnership will prepare us for future requirements as the Latin American markets develop.”