"As the Mexican market begins to take up algorithmic trading," says Carlos Ramirez Cervera, head of ETS at Finamex, "buy-side clients are looking for flexible, customized services that will bring them an advantage. High-speed innovation is everything in the competitive field of algorithmic trading – it provides a competitive edge and the Apama technology makes this possible."
High-speed is the key phrase: the platform’s key selling point appears to be that it offers firms the opportunity to "continuously analyse, evaluate and respond to complex market events in real time."
Impatience
Finamex has clearly decided that the buy side is impatient for technology that allows instant interaction with the markets. In February it also went live with a platform from New York-based vendor TradingScreen that provides customers with direct access to the Mexican Stock Exchange. Clients will be able to assess and respond to market developments in real time, according to Cervera, affording them a competitive advantage over rivals not yet up to speed.
Such announcements are becoming increasingly common as external interest in Latin America’s markets increases, and investors seek to expand the range of markets that they can access directly.