The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Switching on: Finamex gets algorithmic

As is the fate of most technologies, algorithmic trading is spreading from the developed markets to the developing. Mexican broker-dealer Finamex is the latest to catch the bug, announcing on February 20 that it had chosen US-based Progress Software’s Apama platform to offer algorithmic trading to its buy-side customers.

"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."


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. One well-connected market observer commenting in an industry publication has likened the trend to that previously witnessed in Asia.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree