FlexTrade Partners with BM&FBovespa

FlexTrade Systems said today it has partnered with BM&FBovespa to provide direct access to BM&FBovespas new multi-asset trading platform through FlexTrade’s 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, according to the company’s release.

“We are looking forward to building a strong relationship with the BM&FBovespa,” comments Vijay Kedia, President and CEO of FlexTrade, in the same press statement. According to Kedia, FlexTrade has been in active in Brazil for more than two years now and have both buy-side and sell-side customers using its system to trade DMA (direct market access) 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,” Kedia further stated.

Cicero Augusto Vieira, BM&FBovespa's COO, who also commented on the partnership, said the partnership with FlexTrade “will contribute to the growth of our market. This partnership is aligned with our goal to offer advanced technological solutions for our customers,” stated Vieira.

BM&FBovespa S.A. – Securities, Commodities and Futures Exchange, is now the world’s third largest exchange in terms of market value and the largest exchange in Latin America. It created in 2008 with the integration between the BM&F and the São Paulo Stock Exchange (Bovespa).

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio