Trading Technologies Launches Connectivity to Brazilian Exchange BM&FBOVESPA

Discussion in 'Trading Software' started by TT News, Oct 17, 2008.

  1. TT News

    TT News ET Sponsor

    Trading Technologies Launches Connectivity to Brazilian Exchange BM&FBOVESPA

    Trading Technologies International, Inc. (TT) has linked its X_TRADER® derivatives trading platform to Latin America’s largest futures exchange, BM&FBOVESPA, via the CME Group’s Globex® platform.

    The new link to BM&FBOVESPA allows X_TRADER users to trade the main derivatives contracts listed on the exchange. These products include:

    - Interest Rates - One-Day Interbank Deposit, Long Term Interbank Deposit and ID x US Dollar Swap with Reset contracts
    - Equity Index Futures - Ibovespa, Mini-Ibovespa, Brazil Index-50, General Market Price Index and Mini General Market Price Index (pending regulatory approval)
    - Currency - USD Futures, Mini-USD and Euro Futures
    - Agricultural - Arabica Coffee, Robusta, Cotton, Real-Denominated Corn, Soybeans, Crystal Sugar, Feeder Cattle, USD Denominated Ethanol and Anhydrous Fuel Alcohol
    - Sovereign Debt Instrument (Bonds) - A-Bond Futures, Three-, Five- and Seven-Year Brazilian Sovereign Credit Default Swaps and Ten-Year US Treasury Notes
    - Metals - Gold Futures and Spot contracts

    "By means of this connection, global investors can trade a complete and diversified range of Brazilian products and hedge their risks across the two Exchanges. The GTS order book will be transmitted in real time to the CME Globex users, and liquidity will be increased," says Cicero Augusto Vieira Neto, Chief Operating Officer of the BM&FBOVESPA.

    "Trading Technologies’ customers have expressed a strong desire to access the Latin American markets, so we are very pleased to be working with BM&FBOVESPA. Our BM&FBOVESPA connection has been thoroughly tested and is available to our customers," said Harris Brumfield, CEO of TT.

    TT clients have the option to host BM&FBOVESPA gateways internally or outsource connectivity to TTNET™, TT’s fully managed hosting solution.

    BM&FBOVESPA is the world’s third largest exchange by market capitalization. The Exchange ranked as the world’s seventh largest derivatives exchange in 2007, with total volume of 426,363,492 contracts. This represented an increase of more than 50% over 2006 volume. The BM&FBOVESPA’s One-day Interbank Deposit futures contract ranked fifth among all exchange traded derivatives contracts globally in 2007.

    BM&FBOVESPA and CME Group signed an agreement earlier this year that incorporates crossinvestment, order routing arrangements and future business opportunities. As part of this agreement, CME Globex customers will have access to the order book of BM&FBOVESPA’s Global Trading System (GTS) platform via the Globex platform. For more information on the agreement between the exchanges, visit the exchanges’ cooperative website at http://www.cmegroup-bmfbovespa.com.br/index_eng.asp.

    About Trading Technologies
    Trading Technologies (www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world's premier investment banks, proprietary traders, brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's X_TRADER® software and related services provide direct access to the major international derivatives exchanges. X_TRADER 7.4 was named "Innovation of the Year" by FOW magazine and "Best Buy-Side Commodities Trading Platform" by Buy-Side Technology magazine in 2007. TTNET™, TT's fully managed hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, London, Frankfurt, Singapore and Tokyo. Headquartered in Chicago, Trading Technologies maintains a global presence with offices in New York, Stamford, Houston, London, Geneva, Frankfurt, Singapore, Hong Kong, Tokyo and Sydney. Chicago magazine named TT the best technology company to work for and ranked TT third among all Chicago area employers. TT also received the prestigious Lighthouse Award from the Illinois Information Technology Association (ITA) in 2006 as the leading technology company in Illinois and was named Technology Company of the Year by FOW magazine in 2008.

    For more information, please visit TT's website at www.tradingtechnologies.com.
     
  2. ...and now, as improvement about your site, you could develop a way to let us know which are the FCMs and brokers that offer the new exchange.
    It's an incredible policy that TT does not maintain a public database about 'who's offering what'.
     
  3. TT News

    TT News ET Sponsor

    Dear Bernard,

    The list of distributors offering certain gateways is dynamic and always expanding. While we understand it would be helpful for you to have access to such a list, it is difficult for us to publish this information without showing preferential treatment to FCMs who choose to distribute gateways before others. As gateways roll out, FCMs often must update or add to their environment and this entails additional testing. Depending upon the complexities of the environment for each FCM, this can lead to a staggered release. Thank you for your understanding.

    Kind regards,
    TT News