Credit Suisse Advanced Execution Services (AES) has launched a suite of algorithmic trading tools for clients trading on Brazil’s BM&F Bovespa exchange.
The offering will allow AES clients to trade Brazilian equities and also includes direct market access capabilities. The announcement is part of the bank’s continued expansion in Latin America, following the rollout of similar services for the Mexican Stock Exchange last year.
“Brazil has been one of the fastest-growing and most dynamic markets on the planet,” said Dan Mathisson, head of Advanced Execution Services, Credit Suisse. “With the roll-out of Brazil, AES is available on six continents, across 41 countries.”
“We believe AES will gain wide acceptance and achieve a healthy market share in Brazil,” added Marcelo Kayath, head of Latin American equities for Credit Suisse.