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Investor Relations

Market Closed 04-25-2017 05:43 AM GMT -03:00


 Bolsa de Comercio de Santiago Selects FIX Flyer For Monitoring and Onboarding

 4/11/2017

New York and Santiago, Chile – March, 2017.

FIX Flyer, a leading financial technology company providing electronic trading software and services, announces Bolsa de Comercio de Santiago (BCS), Chile’s leading exchange, deployed Flyer’s Daytona Trade Monitor in conjunction with the Exchange’s next generation HT Trading Platform.

BCS selected Daytona to monitor its next generation HT Trading Platform as part of a major modernization of Chile’s capital market boosting performance and improving market efficiency.

“Daytona helps us monitor and scale our HT Trading Platform, ushering in a new generation of performance and efficiency in our marketplace.” – Andres Araya, BCS CTO.

Daytona monitors 11,000+ FIX order routing and market data connections running on a virtualized platform located at the Entel data center. The connections are automatically detected based on network traffic, eliminating significant operational risk. Each connection is presented in a real-time user dashboard improving response time and allocation of duties.

User dashboards are powered by the new Metrics framework, which displays latency and other analytics, as well as a configurable alert console, FIX analysis screen, and archive search tool.

BCS has dramatically reduced client onboarding time with Daytona Validation model using BCS’s Rules of Engagement. Daytona certifies each client by monitoring the user acceptance test and reporting back to both the Client and BCS operational team with conformance reports. These reports includes a comprehensive summary of each test scenario and are stored in Daytona for record keeping. Most important, certification is performed automatically without requiring BCS operational team to be present.

“We are very pleased to support Bolsa de Comercio de Santiago’s rapid expansion, leveraging Daytona to monitor existing order flow, test new developments and assist in client on-boarding” – Brian Ross, FIX Flyer CEO.

About Bolsa de Comercio de Santiago

Bolsa de Comercio de Santiago manages a multiasset-class exchange, and currently trades over USD 1.5 billion a day in equities, fixed income securities, exchange-traded financial derivatives, money market instruments, investment funds and foreign securities. During the last decade, Santiago Exchange has expanded and evolved into a player of interest for global investors and a strategic partner for regional exchanges. It has led the offering of new instruments, such as ETFs and derivatives, and the development of best practices in the market, such as the release of recommendations of extended transparency for listed companies. Bolsa de Comercio de Santiago has one subsidiary, CCLV Contraparte Central.

About FIX Flyer

With over 120 clients worldwide, FIX Flyer develops advanced technology for managing complex, multi–asset securities trading using highly scalable software and network technologies. Clients include UBS, TD Ameritrade, Envestnet, GBM, Barclays, Berenberg Bank, Bank of America Merrill Lynch, Goldman Sachs, and JP Morgan as well as major exchanges like ASX and MexDer. FIX Flyer is headquartered in New York City with offices in Boston and Hyderabad, India.

For further information, please contact:

Leon Figa, leon@fixflyer.com or www.fixflyer.com​

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Frequently Asked Questions


  • What is the composition of the exchange’s Board of Directors?

    Santiago Exchange’s Board of Directors is currently composed of eleven members, which together elect a Chairman. The law specifically states that the board must be made up of at least five members, who may or may not be shareholders, and must hold elections annually, where members may be reelected. 

  • What information should I submit to apply for dual listing on Santiago Exchange, Venture?

    Companies listed on TSXV must send an application letter requesting the dual listing (see attached documents) and send it to the Santiago Exchange for registration. 

  • According to the law, what are the objectives of the exchange?

    According to article 38 of the Securities Market Law, stock exchanges are organizations that aim to provide their members with the necessary infrastructure to effectively carry out securities transactions through continuous public auction and to perform other intermediation services in accordance with the law. 

  • Which companies can access the Venture Market?

    Any issuer from TSXV can access the dual listing with Santiago Exchange, Venture. 

  • What is Santiago Exchange?

    Santiago Exchange is an exchange whose primary role is to provide buyers and sellers of securities a physical meeting place for them to trade through services provided by brokers. Santiago Exchange is a public company composed of 48 shares, and its operation is overseen by the Chilean Securities and Insurance Supervisor. 

  • What benefits does the Venture Market of Santiago Exchange offer venture capital companies?

    Santiago Exchange, Venture enables companies at an exploration stage to access a greater number of investors through its regional presence given by the participation of Santiago Exchange in MILA. In addition, Santiago Exchange, Venture has the support of the leading platform for financing mining companies at an exploration stage (TSXV), being a relevant factor for both companies and investors, to have the validation of such exchange. 

  • Where does Santiago Exchange operate?

    The exchange operates in a historical building in downtown Santiago, at the intersection of Bandera Street, the Union Club and Nueva York and La Bolsa streets. Its address is La Bolsa 64, Santiago. 

  • What are the benefits of listing the instruments in Chilean pesos?

    The values that are listed and traded in Chilean pesos on the Foreign Securities Market of Santiago Exchange will be cleared and settled in CCLV Central Counterparty, reducing counterparty risk of such operations. 

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