Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


06:47 AM
Connect Directly

Patsystems Licenses Software to Brazilian Broker Flow Corretora

Patystems will provide Flow with complete a OMS, including direct market access to BM&F, the derivatives market, and risk management.

Patsystems signed a software license agreement with its first client in Brazil, Flow Corretora Ltda (Flow), one of the largest BM&FBovespa brokerage firms.

Patsystems is providing Flow with a complete order management system (OMS), including front-end trading screens, J-Trader and ProMark and direct-market access to BM&F, the derivatives segment of BM&FBovespa. Flow’s trading activity will be monitored by Patsystem’s risk management solution.

Patsystems has had a dedicated focus on the Brazilian market since the beginning of 2009, as highlighted by the completion of the BM&FBovepsa ISV Certification process in early February.

In a statement, Patrick Kenny, managing director and officer Patsystems, said: “Our electronic trading solutions are a perfect fit for Flow’s business strategies as Flow looks to both expand its regional presence in Brazil and facilitate north-to-south trading opportunities for international participants.”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

Register for Wall Street & Technology Newsletters
7 Unusual Behaviors That Indicate Security Breaches
7 Unusual Behaviors That Indicate Security Breaches
Breaches create outliers. Identifying anomalous activity can help keep firms in compliance and out of the headlines.