Patsystems is pleased to announce that it has signed a Software License Agreement with its first client in Brazil, Flow Corretora (Flow).
Headquartered in Sao Paulo, Flow is one of the largest BM&FBOVESPA brokerage firms.
Patsystems will provide Flow with a complete order management system (OMS). This includes Patsystems industry-leading front-end trading screens, J-Trader and Pro-Mark, and direct market access to BM&F, the derivatives segment of BM&FBOVESPA. This advanced trading capability will be monitored by Patsystems' proven risk management solution.
Patsystems has had a dedicated focus on the Brazilian market since the beginning of 2009, highlighted by the completion of the BM&FBOVESPA ISV Certification process in early February.
Patrick Kenny, Managing Director and Officer, Patsystems, said: "Patsystems is extremely pleased to be working with Flow Corretora. 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."