Goldman Sachs said today that its electronic trading arm is now enabling clients to route orders to Brazil’s Bovespa Stock Exchange through its local subsidiary, Goldman Sachs do Brasil CTVM S.A.
Users will now be able to route direct market access as well as algorithmic orders in Brazilian equities, the company said.
“Over the past couple of years, we’ve seen increasing client demand for electronic trading capabilities, particularly in Brazil,” Todd Lopez, the co-head of sales at Goldman Sachs Electronic Trading said in a statement. The company said clients will route Brazilian orders either through its execution management system REDIPlus 10.0, or by FIX connectivity to OMS and EMS providers.
“We see significant opportunities in Brazil, particularly as international interest and capital inflows in the country continue to increase,” Bruno Carvalho, head of futures and electronic trading at Latam said in a statement.
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio