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Orc Provides Market Access To Brazil Exchange

The tech provider will connect to BM&FBOVESPA's new low-latency framework.

Orc Software, the financial technology provider, announced today that it will offer complete connectivity to Brazil's BM&FBOVESPA exchange for futures, options and equities instruments.

Orc will also be one of the first companies to support BM&FBOVESPA's new market data framework delivering higher performance and reliability, according to company claims.

Further, Orc also will be one of the first providers to support BM&FBOVESPA's new market data framework, known as the BM&FBOVESPA UMDF. It is based on the global FAST market data messaging standard. This agreement allows Orc clients to have high performance native market access to this growing exchange with the performance benefits that BM&FBOVESPA's market data enhancements provide.

The FAST protocol, based on the industry standard FIX protocol, has become the preferred choice for delivering market data quickly and reliably. Deployment of FAST market data at the exchange has resulted in a 50 percent reduction in bandwidth on the BOVESPA segment and a 200 percent reduction in bandwidth on the BM&F segment. This lets firms handle more market data quickly and easily without network bandwidth delays.

Marcio Castro, IT director for matching systems at BM&FBOVESPA, notes, "BM&FBOVESPA's adoption of FAST for market data was an important step for our exchange. We are happy to see Orc delivering a powerful connection to our exchange taking advantage of this technology. We look forward to adding new clients to our exchange that need the high performance that BM&FBOVESPA and Orc can provide."

Ruben Guerrero, strategic partnerships manager at Orc Software, comments, "Brazil is a strategic market for Orc, and BM&FBOVESPA is growing rapidly. Our clients demand the best possible trading experience when trading in Brazil. With our native market access to BM&FBOVESPA and support for its new market data distribution protocol, our clients will be able to trade more instruments, more quickly and take advantage of the opportunities available in this market."

BM&FBOVESPA S.A. – Securities, Commodities and Futures Exchange was created in 2008 with the integration of the Brazilian Mercantile & Futures Exchange (BM&F) and the Sao Paulo Stock Exchange (Bovespa). Together, they formed the third largest exchange in the world in terms of market value, the second largest in the Americas, and the leading exchange in Latin America.

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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