Trading Technologies and BM&FBovespa announce partnership
First Published Tuesday, 13th April 2010 from Automated Trader : Exchange News
Trading Technologies and BM&FBovespa partner to provide direct access to BM&FBovespa's multi-asset class platform via Trading Technologies' X_Trader platform
Harris Brumfield, CEO, TT: "We believe this agreement with BM&FBOVESPA will provide a superior ultra-low-latency connection to the exchange."
Trading Technologies International has entered into a partnership to provide direct access to BM&FBovespa's new multi-asset class platform via TT's X_Trader platform.
As part of this partnership, TT will establish a new data center co-located with BM&FBOVESPA, in Sao Paulo, Brazil, for TT's TTNETTM fully managed hosting solution. The new TTNET hub will provide TT's customers with a low-latency path to BM&FBOVESPA for high-performance order routing and execution. In conjunction with the opening of the data center, TT will open a full-service sales and support office in Sao Paulo to create its first point of presence in Latin America.
TT's direct connection to BM&FBOVESPA will provide traders with access to the exchange through TT's X_TRADER® platform. TT currently offers traders outside of Brazil access to BM&FBOVESPA products through the link to CME Group's Globex® platform. The new connection will provide TT's customers with access to the main derivatives contracts listed on the exchange, including:
* Interest Rates - One-Day Interbank Deposit, Long Term Interbank Deposit and ID x US Dollar Swap with Reset contracts
* Equity Index Futures - Ibovespa, Mini-Ibovespa, Brazil Index-50 and General Market Price Index
* Currency - USD Futures, Mini-USD and Euro Futures
* Agricultural - Arabica Coffee, Real-Denominated Corn, Soybeans, Crystal Sugar, Live Cattle and USD Denominated Ethanol
* Sovereign Debt Instrument (Bonds) - A-Bond Futures, Three-, Five- and Seven-Year Brazilian Sovereign Credit Default Swaps and Ten-Year US Treasury Notes
* Metals - Gold Futures and Spot contracts
"BM&FBOVESPA is very pleased with this partnership that will contribute for the growth of our market. This partnership is aligned with our goal to offer advanced technological solutions for our customers," said Cicero Augusto Vieira, BM&FBOVESPA Chief Operating Officer.
"We believe this agreement with BM&FBOVESPA will provide a superior ultra-low-latency connection to the exchange. We expect the co-location and proximity-based computing solutions planned for our new TTNET hub in Sao Paulo will provide our global customer base with a critical edge," said Harris Brumfield, CEO of TT.





