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September 22nd, 2008 - Liquidez selects Orcs trading and connectivity solutions to connect customers to local markets
Brazilian Broker Liquidez Selects Orc for Trading and Connectivity Solutions
Steve Lukes, VP of Americas Sales. Orc Software: “Liquidez is on the fore-front of the Brazilian market and represents the new wave of firms that are deploying our advanced derivatives trading and connectivity solutions to meet the new market dynamics in Brazil.”
Orc Software has announced that Liquidez has selected Orc’s trading and connectivity solutions to connect customers to local markets. This deal was booked Q2 2008.
Liquidez will use Orc Trader and Orc CameronFIX to directly trade the BM&F, Brazil’s derivatives exchange. In addition, Orc CameronFIX will allow Liquidez to receive customer order flow from customers in Brazil and around the world and direct this order flow to BM&F.
BM&F earlier this year announced their intention to launch a direct market access (DMA) initiative based on the FIX protocol standard.
“As BM&F moved towards offering FIX based market connectivity, we knew that we needed to act quickly to allow our customers to take advantage of this direct market access,” notes Ernesto Pinto of Liquidez. “We have grown to be one of Brazil’s largest futures brokers by implementing the services and technology that our customers demand. By choosing Orc for our trading and connectivity solutions, we believe we will be able to continue to serve our customers well in trading the Brazilian markets. In addition, with Orc CameronFIX, we have the flexibility to allow our customers to trade on markets outside of Brazil based on their demands and requirements.”
“We are happy to have Liquidez join our growing Brazilian client base,” says Steve Lukes, VP of Americas Sales for Orc Software. “Liquidez is on the fore-front of the Brazilian market and represents the new wave of firms that are deploying our advanced derivatives trading and connectivity solutions to meet the new market dynamics in Brazil.”
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