Trading Technologies International (TT), a provider of order-entry software and solutions for derivatives traders, has entered into a partnership with Bm&Fbovespa, a Brazil-based exchange, to provide direct access to Bm&Fbovespa’s new multi-asset class platform via its 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 TTNET 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 from anywhere in the world 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; equity index futures; currency; agricultural; sovereign debt instrument (bonds) and metals.
TT’s TTNET hosting solution accelerates customer access time to international futures markets and increases trading platform stability through mirrored redundant data centers located close to the major exchanges in Chicago, New Jersey, London, Frankfurt, Singapore and Tokyo.
Cicero Augusto Vieira, chief operating officer at Bm&Fbovespa, said: “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.
Harris Brumfield, CEO of TT, said: “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.”