Thomson Reuters Launches Elektron in Brazil
With investor interest in Brazil still growing at full speed, Thomson Reuters has launched Elektron hosting and managed services in Brazil. The new service, situated in close proximity to the BM&F BOVESPA exchange, will provide trading firms with low latency access to real-time data to fuel algorithmic and high-frequency trading strategies in Brazil.
Based in São Paulo, the new Elektron data solution delivers high-speed connectivity to BM&F BOVESPA, the world's third largest exchange by market value, for market participants seeking local liquidity in Brazil, including full depth of market pricing along with US-traded American Depository Receipts (ADRs) and CME futures data.
Interest in Brazil has increased rapidly in recent years, driving market liquidity and seeing an expanding number of domestic and international firms adopting algorithmic trading.
Mike Powell, managing director, Elektron hosting and managed services, Thomson Reuters, said: "The launch of Elektron in Brazil is a natural extension of our established business in the country and supports our customers’ evolving requirements. With Elektron, we continue to bring together global market participants and deliver content that further empowers these communities."
BM&F BOVESPA joins the Elektron community of over 80 low latency venues available via direct exchange connectivity. BM&F BOVESPA is the only securities, commodities and futures exchange in Brazil, with a market capitalization of US $1.22 trillion in 2011.
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio
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