Americas Trading Group selects Nyse Technologies for Latin America platform

Source: Nyse Euronext

Americas Trading Group (ATG) announced today that it has selected Nyse Technologies, the commercial technology division of Nyse Euronext, as a primary technology provider for the development and operation of ATG's new electronic trading platform for the Latin American markets.

This broker-neutral, high performance execution platform combines the robustness of NYSE Technologies Managed Transaction Hub infrastructure with ATG's leading expertise in electronic trading throughout the region.

The concept is to provide a comprehensive suite of products and services designed to fulfill the needs of the most demanding and sophisticated global clients requiring high performance access to Latin America's markets. The platform manages local and cross border order flow to the different exchanges and brokers in Brazil, Mexico, Chile, Colombia, Peru and Argentina. Clients in those markets can also route orders to the various destinations around the world reached by NYSE Technologies' SFTI global network for the financial industry.

"ATG's clients will benefit from an array of services that includes low latency network connectivity to global markets, locally developed algorithms and trading screens, monitoring tools, and advanced technical and business intelligence reports. With the growing importance of Latin America in the global financial markets, ATG sees this initiative with NYSE Technologies as a ground-breaking opportunity to reach a community of investors never explored before, allowing for local players to increase their access to international markets," says Fernando Cohen, CEO of ATG.

"We are delighted to have been selected by ATG to operate this innovative platform. ATG's clients will be able to leverage the highest performing electronic trading infrastructure to seamlessly access all of their key regional counter-parties," said Stanley Young, CEO of NYSE Technologies. "This effort capitalizes on the enormous potential and the further integration of the Latin American markets, validating NYSE Technologies' new concept of technology as a service, reducing the total cost of ownership and increasing the scalability of infrastructure across market participants." 

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