Building a better autoBRIC
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Automated Trader spoke to a range of market participants in Brazil, to gauge the take-up of automated and algorithmic trading in the first of the BRIC economies.
Building a better autoBRIC
Automated and algorithmic trading in Brazil can be conveniently dated back to the mid-2007 IPOs of the Brazilian derivatives (BM&F) and equity (BOVESPA) exchanges, and BM&F’s subsequent partnership deal with CME Group. BM&F and BOVESPA merged to form BM&FBOVESPA (The New Exchange; see www.bmfbovespa.com.br). ...