Thomson Reuters today announced that four key brokers from Brazil and Mexico have joined its order routing network, expanding the reach of its exchange traded instruments offering into the two largest financial markets in Latin America.
This move forms part of Thomson Reuters aim to expand its desktop and transaction capabilities across Latin America.
Financial market professionals can now route equities orders via Reuters Trading for Exchanges (RTEx) to Alpes and Ativa for Brazil and Casa de Bolsa Finamex and Grupo Bursátil Mexicano for Mexico.
Any user connected to the Thomson Reuters order routing network, both in Latin America and outside the region, can now access liquidity from BMFBovespa and Mexico Stock Exchange via these brokers.
Reuters Trading for Exchanges in Latin America is available to users of Reuters 3000 Xtra and Reuters Trader Latin America. It provides access to the joint global community of Tradeweb Routing Network and Reuters Order Routing Network, comprising over 1,000 participants worldwide and processing in excess if 1.5 billion shares per day.
Ricardo Diniz, Managing Director for Thomson Reuters in Latin America, said, " Brazil and Mexico are the most sophisticated Latin American financial markets, using advanced technology and trading the largest volumes. Thomson Reuters is pleased to expand the reach of its Reuters Trading for Exchanges offering with the support of these four leading brokers. Thomson Reuters plans to continue to support this growing community by adding new asset classes with an initial focus on the increasingly automated derivatives markets."