NEW YORK, June 28, 2011 /PRNewswire/ -- UNX LLC ( www.unx.com), a leading provider of innovative trading technology solutions and global broker and INTL Trading, Inc., a wholly owned subsidiary of INTL FCStone Inc. (Nasdaq: INTL) and a member of FINRA/SIPC, are teaming up to deliver customized electronic trading solutions for Mexican and Latin American markets through the UNX Catalyst trading platform.
INTL Trading Inc. ( www.intlfcstone.com) will deploy Catalyst as its internal Execution Management System (EMS) as well as distribute Catalyst terminals to its institutional clients around the world. The firm also is joining the multi-broker UNX Marketplace, where it will become a broker destination.
As part of their strategic partnership, the firms are collaborating to develop unique functionality specifically for the Latin American client base and region. INTL Trading will be able to integrate its proprietary intellectual property into Catalyst for its select client base using the Catalyst Software Development Kit (SDK).
According to Will Dennis, Managing Director of the Electronic Trading Group for INTL Trading, Catalyst's open-technology framework and extensibility as well as the UNX service model were the important factors in choosing UNX as a partner."Compared to other EMSs, Catalyst offered several major advantages: it's easy and fast to deploy, the level of customer support is superior, and its open-technology framework and extensibility provide unparalleled flexibility as our overall electronic trading strategy evolves," he explains. "Using the SDK, we'll be able to create customized and region-specific plug-ins to deliver value added services and enhance our clients' trading experience," Dennis adds. UNX's CEO, Thomas Kim, states: "This agreement affirms our commitment to invest in delivering our next-generation trading technology to such increasingly important markets as Latin American and Mexico. Given INTL Trading's strong presence in these regions, we are excited to be their strategic growth partner as well as offer their market-leading services to our UNX Marketplace clients." UNX continues to integrate algorithms, portfolio trading and other brokerage electronic trading services into the Catalyst platform. Among some of the most recent broker-dealer integrations are the latest offerings from Credit Suisse AES, Fidelity Capital Markets, Goldman Sachs Electronic Trading, Knight and UBS Investment Bank.