StreamBase Systems today announced that its Complex Event Processing (CEP) platform has been extended to connect to BM&FBovespa, a leading Latin American exchange and one of the world's largest exchanges in market value.
The extended connectivity offers StreamBase customers low latency access to derivatives and equities listed on the Brazilian exchange.
"The FIX MegaDirect certification between BM&FBOVESPA and StreamBase will set the conditions to allow investors to trade on an extensive range of Brazilian products and hedge their risk across international markets," says Cícero Augusto Vieira Neto, Chief Operating Officer of BM&FBOVESPA. "The development of this connectivity as part of our technology partnership with StreamBase demonstrates our growth potential and evolution in electronic trading. We welcome technology initiatives that help global customers reach our markets more easily."
"Our connectivity to BM&FBOVESPA further extends the breadth of our technology and capabilities into the global cash equities," said Mark Palmer, CEO of StreamBase. "In recent years, we have seen increasing customer demand for electronic trading capabilities in the emerging markets, especially Brazil. It has been an exciting and rewarding experience to work with our customers and partners to drive innovation and develop successful trading solutions in one of the fastest growing financial markets in the world."