--First Truly Global Electronic Trading Platform to Offer Access to Chile Markets--
Larrain Vial Selects NYSE Technologies to Create New Direct Market Access Platform
Nov. 10, 2009 – NYSE Euronext (NYX) and Larrain Vial today announced that NYSE Technologies, the commercial technology division of NYSE Euronext, has been selected to develop a next-generation electronic trading platform that will allow LarrainVial’s customers around the world to send orders directly to The Santiago Stock Exchange, making them the first to offer world-class Direct Market Access (DMA) connectivity to Chile.
LarrainVial and NYSE Technologies will work together to implement a best-in-class technology solution that combines comprehensive hosting software with an integrated back office platform utilizing the super-fast, resilient SFTI network.
“We are excited to work with Chile’s leading capital markets firm on a truly ground-breaking project that further opens Chile, Peru, Colombia and Argentinean marketplaces to the global investors – and puts the global markets within reach of investors from those countries,” said Stanley Young, CEO of NYSE Technologies. “With our industry-leading technology, our world reach, our customer community and Larrain Vial’ s extensive customer relationships in Chile , Peru , Colombia and Argentina , we will be implementing a new breed of direct market access solutions unlike anything currently available in the region.”
“As we continue our international expansion in Latin America, US and Europe, Larrain Vial will work further with NYSE Euronext to build and expand this new platform giving us the ability to offer our customers inside and outside Latin America a robust, innovative trading solution for trading in our markets,” said Fernando Larrain , CEO of LarrainVial. “Moreover, Larrain Vial’ s clients will have access to the most complete provider of investment services for the South American markets – from custody to asset management, foreign exchange, research for equities, derivatives and fixed income products.”
Larrain Vial, the leading regional specialist in the Chilean, Peruvian, Colombian and Argentinean capital markets with the largest distribution network in the region,thoroughly reviewed several other technology proposals before selecting NYSE Technologies to build, deploy and maintain this set of enterprise solutions for managing electronic trading connectivity for their clients worldwide. The high performance architecture of the system will provide Larrain Vial with key functionality, including lowest latency, real-time market data, and the highest throughput DMA messaging capabilities for high-frequency customers in the US and worldwide.
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies is a leader in providing innovative software, market data products and data management applications, connectivity solutions, exchange technology, and transaction solutions for trading firms, vendors and financial markets around the world. NYSE Technologies offers one of the most comprehensive suites of high quality commercial technology products that includes advanced messaging platforms, co-location services, ultra-low latency order routing and a one-of-a-kind hosted network community, all designed to enable the free flow of liquidity for the global marketplace. This division operates four units: the Global Connectivity unit, offering one of the world's largest, most reliable financial transaction networks connecting firms and exchanges worldwide; the Trading Solutions unit, which creates and implements high performance, end-to-end messaging software and real-time market data distribution and integration products; the Exchange Solutions unit, which provides multi-asset exchange platform services, managed services and expert consultancy; and the Global Market Data unit, which offers a broad array of global market information products covering multiple asset classes. With offices across the U.S. , Europe and Asia , NYSE Technologies' advanced integrated solutions for a wide range of services has earned the ability to power the trading operations of global financial institutions and exchanges. For additional information visit: http://www.nyse.com/technologies
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2008 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on April 28, 2009 under No. R. 09-031), 2008 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.