Brazilian brokerage SLW Corretora de Valores e Cambio, is using CMA Trade Hub to connect to investors in Europe and the US.
SLW, a member of the Brazilian BM&F Bovespa stock and futures exchange, intends to connect buy-side participants to liquidity in the Brazilian market as part of its international growth strategy. The broker has had a long standing partnership with CMA, a provider of trading technology, and uses its CMA order management system (OMS), CMA Series 4 application and for FIX connectivity.
“Initially we restructured our business internally so we could allow access to the Brazilian market for customers from foreign countries,” explains Daniel Hannun, manager at SLW. “Now we have restructured our trading desk to allow us to talk with foreign customers and we have begun selling SLW into foreign markets. CMA provides us with the connectivity to our customers, our partners and market data.”
SLW plans to partner with brokers in Europe and the US to act as representatives for the firm, selling its services on. It is also looking for buy-side customers that wish to invest directly into Brazil. “We think CMA Trade Hub offers us the opportunity to grow our business directly,” concludes Hannun. Orders can be sent by buy-side firms into CMA Hub and via its CMA OMS, SLW brokers can place the orders onto the market.