ConvergEx Group, a provider of trading technology, has added Brazilian futures and options functionality to RealTick 10, its multi-asset class execution management system.
RealTick 10 now incorporates futures and options data and execution capabilities from domestic Brazilian exchange BM&F Bovespa, giving broker-dealer and institutional clients access to derivatives liquidity in Latin American markets. RealTick clients will be able to trade Brazilian derivatives, as well as equities, both locally and cross-border via ConvergEx's network of global broker-dealers.
“The importance of having access to aggregated market data and execution across asset classes and markets cannot be overstated in today's environment,” said Stuart Breslow, chief executive officer of ConvergEx's RealTick.
“Given its growth history, the Brazilian market forms an integral part of an increasing number of investment strategies for international and domestic institutions and traders.
By adding Brazilian derivatives, we are providing clients with even broader options for portfolio diversification, analysis and investments.”
The move is RealTick's second regional market expansion, following the addition of Nasdaq OMX Nordic's Equity TotalView, which launched in October 2010. Breslow added that RealTick would continue to add new asset classes and geographies to the platform throughout the course of the year.
“The move to expand its offerings to include Brazilian derivatives is a critical element in the planned expansion,” he said. “Expansion in global data and instruments available for execution, the ability to analyse pre- and post-trade activity and to evaluate trades in light of specific strategies and market conditions is central to what RealTick delivers.”