Brazilian BM&FBovespa exchange and high frequency trading (#HFT)

brazilian exchange bm&fbovespa and high frequency trading In an article published by the Financial Times, it was reported that the Brazilian exchange BM&FBovespa has recently been focused on attracting high frequency traders

The exchange has been investing to attract high frequency traders by cutting fees and offering specialist services such as co-location.

These procedures ultimately resulted in an 11% increase in HFT in the second quarter, though the discounted fees did squeeze margins in other areas.  

“Our core BM&F business grew in a very challenging market and high-frequency trading in equities is enjoying positive momentum, providing clear evidence that we have a robust and diversified business model,” said Edemir Pinto, BM&FBovespa CEO, to the Financial Times.

The group will launch the first part of their new multi-asset class electronic trading platform, developed jointly with CME Group, in the third quarter.

For more information on Brazilian investment and trading, check out Brazil Investment Summit USA.

 
 
 
 

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