FlexTrade Systems, a global leader in broker-neutral multi-asset algorithmic trading systems, and BM&FBOVESPA, the third largest exchange in the world in terms of market value, today announced they have partnered to provide direct access to BM&FBOVESPA's new multi-asset trading platform through FlexTrade's award winning execution management system, FlexTrader.
The partnership will also include a new FlexTrade data center co-located at the BM&FBOVESPA to provide traders with a high performance, low latency order routing and execution path for equities and futures listed on the exchange.
"We are looking forward to building a strong relationship with the BM&FBOVESPA," said Vijay Kedia, President and CEO of FlexTrade. "We have been active in Brazil for more than two years now and have both buyside and sellside customers using our system to trade DMA and algorithmically with the BM&FBOVESPA. We are fully committed to the Brazilian financial markets and this partnership will enable both parties to offer the latest in cutting-edge, fully hosted low latency technology for DMA and customizable algorithmic trading."
"BM&FBOVESPA is very pleased with this partnership, which will contribute to the growth of our market. This partnership is aligned with our goal to offer advanced technological solutions for our customers," said Cicero Augusto Vieira, BM&FBOVESPA Chief Operating Officer.
Algorithmic trading is the touchstone of FlexTRADER, a fully customizable EMS with pre-defined trading strategies and tactics for both portfolio and single stock trading. The platform provides organically developed real-time and post-trade analytics as well as risk and cost optimized portfolio trade scheduling (FlexPTS); advanced integrations with major OMSs; integrated real-time allocations and cash management; smart order routing; a fully integrated high performance Complex Event Processing (CEP) engine; commission management; complete transaction and IOI quality management (FlexTQM); and a dynamic strategy matrix.