10:29 AM
ITG Partners with Broker Agora to Offer DMA in Brazil
Investment Technology Group is working with Brazilian brokerage firm Agora to offer direct market access (DMA) through its Triton execution management system to BM&F Bovespa, the Brazilian exhange and the largest stock market in Latin America. Also, ITG is developing a suite of algorithms tailored to the Latin American market.
“Our execution agreement with Agora in Brazil is a significant step towards our goal of being a truly global partner to our clients,” stated Robert Gasser, CEO and president of ITG in the release. “As the Latin American market continues to grow, we realize the importance of providing our clients with advanced trading tools to navigate the regional landscape,” Gasser further stated in the release.
According to Jay Fraser, managing director and head of US international sales at ITG, who is quoted in the release, Agora is an established leader in the Brazilian marketplace. “Their in-depth knowledge of the local market along with their extensive client base will help ITG seamlessly enter the Latin American trading community,” sated Fraser.
Along with Brazil, ITG also provides voice brokerage trading and execution services to Mexico’s Bolsa Mexicana de Valores, Latin America’s second largest stock exchange.
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