Souza Barros Securities outsources FIX connectivity and monitoring operations to ConnEx
ConvergEx Group’s outsourced hosted FIX connectivity business ConnEx is to provide a full suite of connectivity, pre-trade risk management and post-trade compliance services to Souza Barros Securities (SBS).
Based in Miami, SBS is a broker-dealer providing access to the US markets for clients in Europe and South America, primarily Brazil.
ConnEx’s connectivity business reduces infrastructure expenses and simplifies connectivity, allowing clients to focus on their core business objectives and worry less about technology upgrades, hardware changes, scalability, redundancy and FIX customisation.
“We’re excited to be working with Souza Barros and bringing ConnEx’s unique capabilities to South America,” says George Rosenberger, managing director and head of ConnEx. “Clients around the world are seeking greater efficiencies and insight into their FIX infrastructure, and our new technologies are providing that.”
“We are highly impressed by ConnEx’s comprehensive capabilities that go beyond just reducing our connectivity-related expenses,” says Raiko Bikelis, CEO of SBS. “Pre-trade risk management and compliance with changing market access regulations are of paramount importance to us, and are clearly recognised and prioritised by ConnEx as well.”
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