Investment Technology Group (NYSE: ITG), a leading agency broker and financial technology firm, today announced that it is working in connection with Brazilian brokerage firm Ágora to offer direct market access (DMA) through its Triton execution management system to BM&F Bovespa, the Brazilian exchange and the largest stock market in Latin America.
Additionally, ITG is developing a suite of algorithms tailored to the Latin American market.
"Our execution agreement with Ágora in Brazil is a significant step towards our goal of being a truly global partner to our clients," said Robert Gasser, CEO and President of ITG. "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."
"We believe that we share the same core values and dedication to our clients as ITG and we look forward to working with them to expand our DMA services to the Brazilian market," said Francisco Valente, Head of the Electronic Trading Desk at Ágora.
"As an established leader in the Brazilian marketplace, Ágora is a natural choice for us to liaise with in the region," said Jay Fraser, Managing Director and Head of US International Sales at ITG. "Their in-depth knowledge of the local market along with their extensive client base will help ITG seamlessly enter the Latin American trading community."
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.