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