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Thomson Reuters Brings Elektron to Fast-Growing Brazilian Market

The move comes as a growing number of domestic and international firms adopt algorithmic trading in Brazil.

News and market data provider Thomson Reuters announced the Brazilian launch of its Elektron data service, noting that it will deliver high-speed connectivity for traders to the BM&F BOVESPA exchange.

[Despite Global Market Connectivity Trading in Emerging Markets Remains a Challenge.]

The firm said the extension of the Elektron platform to Brazil will help traders find local liquidity on the only securities, commodities and futures exchange in the nation. The system will also give participants full depth of market pricing, along with American Depositary Receipts and CME futures data, the company said.

Meanwhile, local trading firms who use Elektron would be able to consume both low latency market content, along with cross-asset data from more than 350 electronic venues around the world. Content from hundreds of over-the-counter contributors will also be open to Brazil's Elektron users, Thomson Reuters added.

The company said the move comes amid growing investor interest in the rapidly growing Brazilian market, with liquidity in the market surging as the number of domestic and international firms adopting algorithmic trading there continuing to climb.

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio

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