TradingScreen Expands Low Latency Access to Brazilian Markets
TradingScreen, a provider of global execution management systems (EMS), announced that it will provide low latency multi-asset class direct market access (DMA) order flow through its trading platform from its local data center in Sao Paulo, Brazil.
The new TradingScreen solution will allow international institutional investors to access Brazilian markets through local Brazilian and international brokers connected to TradeNet, TradingScreen's global proprietary multi-broker network using a broker intermediated or broker sponsored model. The integration will also provide the opportunity for the local Asset Manager community to avoid high latency linked to long round trip to foreign data centers.
TradingScreen noted that its ASP (Application Service Provider) model enables a rapid deployment and activation of users into live trading through a flexible range of execution management interfaces screen, FIX or API based.
The vendor said benefits to clients include a broad reach across counterparties, products, geography and services ranging from execution to algorithmic trading services, prime brokerage and clearing.
Commenting on the agreement, Cicero Vieira Neto, BM&FBOVESPA's Chief Operating Officer, said: "Advanced connectivity resources greatly facilitate cross-border communication and trading on a global scale within the current financial scenario. Creating a common and safe environment which connects investors to Brazilian markets is a step forward in positioning Brazil as an international financial hub for equities, commodities and other futures contracts."
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio
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