IM Trust, a provider of investment banking services, has selected Fidessa group to act as its core technology platform.
Chile-based brokerage house will use Fidessa as its sell-side trading system provider on a Software as a Service basis to ensure local and foreign clients receive the good quality execution with the electronic trading tools.
Fidessa said that IM Trust will be using its trading platform as its core order management system for straight-through processing of cross-currency trading, order inception, trade routing and confirmation.
In addition, IM Trust will use Fidessa’s advanced trading tools for algorithmic and basket trading as well as market data services.
IM Trust partner and head of equities Hernan Arellano said that this is a strategic move for them as investors across the world and locally turn their attention to Latin America. They knew they needed the best possible technology to compete in the global markets and offer the best execution service in LatAm.