Algorithmic Trading

Goldman Sachs offers DMA and algorithmic trading in Brazil

Electronic trading solutions and platform provider Goldman Sachs Electronic Trading (GSET) can now route equity orders electronically to Brazil’s BM&F Bovespa stock exchange via its local subsidiary, Goldman Sachs do Brasil CTVM.

Clients can now route direct market access (DMA) as well as algorithmic orders in Brazilian equities via REDIPlus 10.0, the latest version of GSET's execution management system, or via FIX connectivity to OMS and EMS providers.

Goldman Sachs said it is experiencing increasing client demand for electronic trading capabilities in emerging markets, particularly Brazil.

"We see significant opportunities in Brazil, particularly as international interest and capital inflows in the country continue to increase. Furthermore, as local market practices develop, it is important that Goldman Sachs expands its capabilities to offer global products to local investors in the region. Both of these trends are complemented by the advent of new direct access trading practices in Brazil for both equities and futures," said Bruno Carvalho, head of futures and electronic trading, Latin America, Goldman Sachs.

In addition to Brazil, GSET currently offers direct electronic access across multiple asset classes to key global exchanges across the Americas, Europe and Asia.