BNY ConvergEx Group, an agency brokerage and software provider, has released a suite of customisable algorithms for the Brazilian and Mexican markets.
According to the firm, its new array of Latin American algorithmic strategies have performance-driven capabilities that can be customised to meet individual market requirements and different trading objectives. They have the ability to track market sensitivity and adjust dynamically as local conditions change throughout the trading day, helping to minimise market impact.
“The Brazilian Bovespa and Mexican Bolsa Mexicana de Valores are the two largest exchanges in Latin America,” said William Capuzzi, president of BNY ConvergEx Group’s G-Trade Services. “It was key that we stay ahead of these growing markets and it is critical that we continue to provide our clients access to new and unique sources of international liquidity.”