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US electronic trading services provider Americas Trading Group (ATG) has selected the commercial technology division of NYSE Euronext, NYSE Technologies, as a main technology provider for developing and operating ATG's new electronic trading platform for Latin American markets, the latter said in a statement.
According to NYSE Technologies, 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.
Additionally, the platform combines the NYSE Technologies' managed transaction hub infrastructure with ATG's expertise in electronic trading throughout the region.
"ATG's clients will benefit from services that include low latency network connectivity to global markets, locally developed algorithms and trading screens, monitoring tools, and advanced technical and business intelligence reports," said ATG CEO Fernando Cohen.