BNY ConvergEx Group, a leading provider of global agency brokerage and investment technology solutions, today announced that it has rolled out a complete suite of optimized algorithms for both the Brazilian and Mexican markets.
"As a truly global firm, our priority has always been to offer advanced trading solutions in a maximum number of locations," said Joseph M. Velli, chairman and chief executive officer of BNY ConvergEx Group. "These new algorithms demonstrate our commitment to continually differentiate and expand our worldwide offering."
ConvergEx's array of Latin American algorithmic trading strategies provide sophisticated, performance-driven capabilities, customized to meet market requirements and different trading objectives. These powerful algorithms track market sensitivity and adjust dynamically as local conditions change throughout the trading day, helping to deliver optimal performance with minimal market impact.
"The Brazilian Bovespa and Mexican Bolsa Mexicana de Valores are the two largest exchanges in Latin America," added William Capuzzi, president of BNY ConvergEx Group's G-Trade Services. "It was key that we stay ahead of these growing markets and it is critical that we continue to provide our clients access to new and unique sources of international liquidity."
ConvergEx provides a comprehensive global trading platform, offering multi-asset class trading in over 100 markets worldwide and connections in over 50 electronic markets, as well as exchanges, ECNs, crossing networks and dark pools.