New York, NY, June 29, 2010 --(PR.com
)-- BVMF order management and market data systems provider CMA, announced today the Southbound order flow capabilities with BVMF exchange member SLW Corretora de Valores e Cambio, a leading independent brokerage firm based in Sao Paulo.
Today’s announcement by SLW and CMA further demonstrate CMA’s commitment to bringing the northern international community together with the explosive trading volumes that Latin America are experiencing. Through the CMA Trading Solutions initiative, firms in the US, Europe and/or Asia can trade on LatAm exchanges with brokers specialized in those markets.
“Market messages for remote access, DMA and more recently algorithmic trades can be sent into the CMA Trade Hub platform and right onto a CMA OMS of one of the Bovespa equity brokers who can work the orders into the market on behalf of the non member, or buy-side,” states Mr. Romualdo Salata, General Director of CMA. “All of the CMA systems in software and network are geared to work seamlessly with each other for the purpose of globally routing messages such as market information or order execution,” Mr. Salata concludes.
Bovespa market orders entered on the exchange can only be done by a member firm. SLW Corretora de Valores Cambio, one of the exchange’s premier member firms, process orders using their CMA order management system (OMS), CMA Series 4 application and FIX connectivity.
"CMA and SLW have been strategic partners in Bovespa trading since the first electronic trading platforms entered the Brazilian market and now have expanded together offering a structured brokerage service to serve North American and European customers," said Mr. Daniel Hannun Manager at SLW. "Through the CMA Trade Hub, SLW provides customers with a trading platform for high frequency and low latency execution, with the quality that the international market demands." Mr. Hannun added.
International trading of Brazilian products such as the Ibovespa index continues to be of more and more interest with multi-asset, and regional trading strategies from North American and European global futures and options investors. In order for these remote trading strategies to best find value is through the electronification process achieving Straight-Through-Processing (STP). Through a message intelligent network such as the CMA Trade Hub, Northern investment firms can send and receive order to a CMA OMS client such as SLW Corretora de Valores e Cambio.
About SLW Corretora de Valores e Cambio
SLW has been active in the financial market for over 35 years, conveniently located in Sao Paulo and Rio de Janeiro, Brazil. Supported by its efficient professional staff, SLW is positioned as one of the top ranking independent brokerage firms with a solid financial condition, and a broad spectrum of products such as investment funds, futures, stocks, options and Brazilian bonds, brokerage at BM&F Bovespa being our key activity. SLW are a full-service brokerage house. This means that when investing in the Brazilian financial market with SLW customer gain access to a complete infrastructure built for foreign investors with no need to seek other companies’ support, including custody and legal representative services.
Consulting, Methods, Advisory and Mercantil known as CMA, is a Sao Paulo, Brazil headquartered global financial services company. Since 1973 CMA has been developing high-tech solutions for capital markets all over the world and is the leading technology used for capital markets exchange trading in Brazil. CMA runs 3 core business units which supplies market data from over 100 exchanges, providers order management and connectivity with over 80 market leading broker dealers, who trade through over 20,000 CMA workstations deployed worldwide.