Smart order routing

ACTIV and Marco Polo offer high-speed trading in Brazil

Market data solutions firm ACTIV Financial and Marco Polo Network, a trade order routing provider, are to launch a joint solution that enables high-frequency trading in Brazil.

Marco Polo will use ACTIV’s low-latency ticker plant in Brazil to offer a combined trade execution and market data solution. The relationship with ACTIV will allow Marco Polo to embed both Brazilian and global market data directly into its desktop trading interface, which the firm said will provide clients with the information, support and solutions they need to execute trades faster.

The Brazilian market data will be provided by ACTIV’s ultra low-latency service, Hosted ActivFeed Direct. Customers with automated trading strategies will have the ability to subscribe to data feeds through the ActivFeed API, routing orders directly through Marco Polo’s FIX gateway.

“Working with ACTIV enables us to react to demand by quickly deploying solutions to broker-dealers in these emerging capital markets as needed,” said David Meredith, chief technology officer, Marco Polo Network, in a statement. “We’ve already received interest from other emerging markets for this offering and look forward to working with ACTIV to support our further expansion in growing financial centres.”