Brazilian asset manager Dynamo Administração de Recursos (DAR) has begun using Eze Software Group’s order management system (OMS).
Rio de Janeiro-based DAR is one of Bazil’s oldest independent asset managers and plans to use Eze OMS to facilitate front-to-back straight-through processing for its domestic and offshore strategies.
The OMS was “tropicalised” in order to address the particular characteristics of the Brazilian market’s asset classes and workflows used by market participants.
A.J. DeRosa, managing director and co-head of global sales at Eze Software Group, said: “Dynamo was looking for a technology solution that would support varying asset class nuances and the region’s unique workflows, while also offering them a long-term solution for centralising and streamlining operational processes.”
Dynamo will be able to use the workflows for portfolio modeling, allocation management, and electronic trading in addition to customisable pre- and post-trade alerts and reports.
Eze said it plans to continue expanding its presence in Latin America and expects the region to see strong growth in 2014.
Recently, reforms in Brazil have relaxed access conditions for foreign investors, and in May 2013, national exchange BM&F Bovespa signed a deal with Chi-X Global to enable foreign investors to receive quotes in their home currency via its FX platform.