BM&FBovespa to use FlexTrade's management system

- Tuesday, January 11, 2011

BM&FBovespa to use FlexTrade's management system

Brazilian stock exchange BM&FBovespa will use US trading systems firm FlexTrade's execution management system to provide direct access to the market's multi-asset trading platform FlexTRADER, the partners announced in a statement.

The deal also includes a new FlexTrade data center, which will provide order routing and execution services.

"This partnership is aligned with our goal to offer advanced technological solutions for our customers," said BM&FBovespa's Cicero Augusto Vieira, executive director of IT and operations.

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FlexTrade has been active for more than two years. Worldwide, FlexTrade's client base comprises more than 120 firms, including investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers.