TradingScreen expands access to Brazilian markets

Source: TradingScreen

TradingScreen, the premier provider of global execution management systems (EMS), announced today that it has completed certification by the BM&FBOVESPA to provide low latency multi-asset class direct market access (DMA) order flow through its trading platform from its local data center in São Paulo.

TradingScreen's expansion of its Brazilian markets offering will bring the local and global Buy Side community full coverage of listed financial instruments supported by BM&FBOVESPA, including commodities and financia l derivatives. The creation of this local trading node is a milestone in market access efficiency and outlines the strong commitment of TradingScreen to continue to be the reference ASP trading system and the leader in presence and connectivity in all markets around the world.

TradingScreen brings its community of global sell side participants and leading regional brokers to a common environment. The benefit to clients is an exceptional reach across counterparties, products, geography and services ranging from execution to algorithmic trading services, prime brokerage and clearing. Its ASP (Application Service Provider) model enables a rapid deployment and activation of users into live trading through a flexible range of execution management interfaces screen, FIX or API based.

The new TradingScreen solution will allow International Institutional investors to access Brazilian markets through local Brazilian and international brokers connected to Trade Net, TradingScreen's global proprietary multi-broker network using a broker intermediated or broker sponsored model. The integration will also provide the opportunity for the local Asset Manager community to avoid high latency linked to long round trip to foreign data centers.

TradingScreen supports its LATAM operations from local offices in São Paulo and provides 24x6 client support in Portuguese covering all the main financial centres across the globe.

Commenting on the agreement, Philippe Buhannic, CEO of TradingScreen said: "Our buy side and sell side clients had long been requesting a low latency, local access to the BM&FBOVESPA infrastructure based on an ASP model. TradingScreen has made this possible while maintaining its proven simplicity of deeployment. We are very happy to lead the markets once again to new levels of efficiency. The client's feedback on this implementation has been phenomenal."

"Adva nced connectivity resources greatly facilitate cross-border communication and trading on a global scale within the current financial scenario. Creating a common and safe environment which connects investors to Brazilian markets is a step forward in positioning Brazil as an international financial hub for equities, commodities and other futures contracts," added Cícero Vieira Neto, BM&FBOVESPA Chief Operating Officer.

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