11:02 AM
Trading Technologies Connects to BM&FBovespa
Trading Technologies and BM&FBovespa, Latin America’s largest exchange, have entered into a partnership to provide direct access to BM&FBovespa’s multi-asset class platform via Trading Technologies’ X_Trader platform.
Trading Technologies will establish a new data center co-located with BM&FBovespa in Sao Paulo, Brazil, for its TTNet fully managed hosting solution as part of the partnership. In addition Trading Technologies will open a full-service sales and support office in Sao Paulo, its first point of presence in Latin America.
The BM&FBovespa connection will offer Trading Technologies customers access to the main derivatives contracts listed on the exchange including interest rates, equity index futures, currency, agricultural, sovereign debt instruments and metals.
In a statement, Harris Brumfield, CEO of Trading Technologies, said, “We believe this agreement with BM&FBovespa will provide a superior ultra-low-latency connection to the exchange. We expect the co-location and proximity-based computing solutions planned for our new TTNet hub in Sao Paulo will provide our global customer base with a critical edge.”