FiNETIK – Asia and Latin America – Market News Network

Asia and Latin America News Network focusing on Financial Markets, Energy, Environment, Commodity and Risk, Trading and Data Management

May 11, 2013 • 3:31 am 0

Latin America: Investors News Letter 10 May 2013

Mexico

Mexico Industry Output Falls Three Times More Than Forecast

Mexico’s industrial production fell three times more than analysts forecast in March, reinforcing expectations that the central bank will cut interest rates for the second time since 2009 later this year.

Factbox: Key facts about Mexico’s tax system

MEXICO CITY – Mexico’s new government has promised a comprehensive review of its tax system, to be announced in the second half of 2013 along with an overhaul of energy policy.

Obama tells Mexicans a ‘new Mexico’ is emerging

US-Mexico Stereotypes Must Be Broken

America Movil sees material impact from Mexico telecom reform

Brazil

Despite winning top world trade job, even Brazil looks beyond WTO

Brazil campaigned hard to get the top job at the World Trade Organization this week but behind closed doors even it acknowledges that the WTO’s main mission – pushing forward in global trade talks – looks for the moment like a lost cause.

BM&FBovespa Quarterly Earnings Trail Estimates as Costs Increase

Petronas Malaysia bolsters Brazil’s Batista with $850 million oil-field buy

Venezuela’s Maduro gets firm Brazilian backing, trade

Brazilian M&A Picks Up as Asians Seek Cheaper Oilfields

Latin America

Argentina’s Deadbeat Special: Buy a 4% Bond or Go to Jail

Panama Canal Cuts Water Use as Drought Prompts Energy Rationing

Brazil’s Odebrecht plans $20 billion spend, targets Peru as key investment
CHICAGO TRIBUNE – Brazilian conglomerate Odebrecht plans to invest $20 billion globally over the next three years, mostly in Latin America and much of it in Peru

Saipem wins $500m offshore contracts in Latin America
- Italy-based engineering services provider Saipem has received new engineering and construction (E&C) offshore contracts, worth a total value of $500m, in Latin America.

APMT prepares for high growth markets
Although global container volumes are not predicted to grow as rapidly over the next five years as they have over the past decade, high growth emerging markets will require higher levels of productivity and rely heavily on expanded inland services

Cartagena aims to be a global megaport by 2017
The Colombian Caribbean port of Cartagena is undertaking extensive infrastructure and technology upgrades in an effort to be one of the world’s 30 best megaports by 2017.

Filed under: Argentina, Brazil, Central America, Chile, Colombia, Energy & Environment, Malaysia, Mexico, News, Peru, Risk Management, Venezuela, , , , , , , , , , , , , , , , , , , ,

April 25, 2013 • 12:58 am 0

Derivatives: Struggling Into the New Era – Outlook 2013/14

The past few years have been challenging for the global economy but it seems as though the derivatives industry sustained more than its share of insults and injuries over the past year or so. Still reeling from the trauma of MF Global in October of 2011, exchange-traded volume went into its first nosedive in decades.

Urgent regulatory requirements added intense cost and time pressures to company staffs that were already stretched. A non-clearing FCM, Peregrine Financial, collapsed in scandal. OTC derivatives struggled with complex regulatory mandates and weak volume.

Perhaps the only positive for the year was that mergers and acquisitions at both the macro and micro level imply that innovation and creativity are still powerful industry drivers. That in turn suggests that the creative dynamism that has characterized the derivatives industry for so many years still has some innings to go.

Read the detailed report about Derivatives market outlook, challenges and issue of big deals, exchange mergers and new start ups, customer protection, Regulatory,Extraterritorial and Tax problems  and more. 

Source: WEF 25.04.2013 by Nicolas Ronalds

Filed under: Asia, Brazil, Exchanges, Risk Management, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

November 8, 2012 • 10:41 am 0

Brazil:Revenue and income on the up at BM&FBovespa

BM&FBOVESPA S.A. (BVMF3) today reported third quarter earnings ending September 30, 2012. The Bovespa segment recorded its second strongest performance to-date.

This performance together with higher Rate per Contract (RPC) for derivatives and growth in non- trading and settlement segments delivered solid revenue increase. Also, expense control in the quarter contributed to improve operating performance.

3Q12 gross revenues reached R$581.3 million, up 6.2% over 3Q11, reflecting growth across all segments;
Adjusted expenses[1] were R$136.0 million, roughly flat compared to 3Q11. Adjusted expenses rose by 6.4% over the previous quarter in line with the Company’s budget for the year;
Operating income reached R$346.8 million, up 7.0% over 3Q11 and operating margin increased by 84 bps;
EBITDA grew 8.1% and EBITDA margin increased by 162 bps compared to 3Q11;
Adjusted net income[2] totaled R$400.6 million, increasing by 0.3% over 3Q11 as operating income growth was offset by a reduction in financial income and higher non-cash taxes;
Adjusted earnings per share rose 1.7%, to R$0.21;
Average Daily Trading Value (ADTV) for the Bovespa segment reached an all-time-high of R$8.4 billion in September 2012;
ADTV of Exchange Traded Funds (ETFs) was up 90.2% year-over-year. Average assets under custody of Tesouro Direto rose by 45.6%;
Average RPC in the BM&F Segment increased 14.7% year-over-year, offsetting the 4.0% reduction in the Average Daily Volume (ADV) for the segment;
R$221.2 million in dividends and interest on capital, comprising 80% of 3Q12 GAAP net income.

“We maintained focus on delivering our strategy to grow and diversify revenues and drive operational excellence,” said BM&FBOVESPA Chief Executive Officer Edemir Pinto. “We are also making significant advances in building state-of-the-art technological capabilities which will place our trading technology and capacity at the forefront of global best practices.”
“In this way, we are ready to capture and optimize the opportunities presented by Brazilian capital markets and this new era of low interest rates. We are making infrastructure investments, focusing on market integrity, developing markets and products, and strengthening relationships with market participants” Mr. Pinto added.

Chief Financial, Corporate Affairs and Investor Relations Officer, Eduardo Refinetti Guardia, said: “BM&FBOVESPA achieved solid results and strong operating leverage in the third quarter, consistently expanding margins and cash generation.”

Filed under: BM&FBOVESPA, Brazil, Exchanges, , , , , ,

November 6, 2012 • 11:12 pm 0

ATG taps Nyse Technologies for ATS Brasil

Americas Trading Group (ATG) today announced the formation of a new company that will develop a liquidity center targeting the Brazilian exchange market called Americas Trading System Brasil or ATS Brasil.

Utilizing trading solutions developed by NYSE Technologies, the technology unit of NYSE Euronext, ATS Brasil will offer customers a new equities matching platform in Latin America.

ATG will maintain the controlling interest as well as operational management of the company with NYSE Technologies as a minority shareholder and the core technology provider. ATS Brasil plans to begin operations in 2013, subject to approvals by the Central Bank of Brazil and the Brazilian Securities Commission (CVM).

Fernando Cohen, ATG´s President, believes that the entry of ATS Brasil will have a positive effect on the local stock market as it will contribute to expanding the range of products and services offered to investors in the region. Cohen also emphasized the importance of NYSE Technologies’ decision to expand into the Brazilian market by becoming a partner of ATS Brasil.

Cohen stated that initially ATS Brasil intends to operate in a model known as “the organized OTC market” based on computerization and transparency in order registration and execution, and adopt rigid mechanisms of self-regulation. He further noted that ATS Brasil was not created to compete with BM&FBovespa, but rather to complement it by improving liquidity and price formation for Brazilian assets.

“The entry of ATS Brasil starts a new cycle in the Brazilian exchange market. Our innovative, high-performance order execution platform will generate more liquidity for the capital markets. This initiative should stimulate cost reduction by offering efficiency gains for investors and create the real possibility of placing the Brazilian market within international standards,” said Fernando Cohen.

Dominique Cerruti, President and Deputy CEO, NYSE Euronext said, “As a leading operator of global markets and market technology, we have designed and deployed proven, market-tested trading platforms in key market centers around the world. We are pleased to partner with ATG ith ATG as they expand their business into equities matching with the ATS Brasil initiative. Our technology platform should provide customers and market participants with the same high-quality trading experience, performance and reliability that they’ve come to expect from NYSE Euronext’s own exchanges.”

ATS Brasil will use the Universal Trading Platform (UTP) developed by NYSE Technologies and used by NYSE Euronext’s global markets. UTP has the capacity to process high volumes of messages with very low latency, giving market participants the opportunity to submit thousands of orders per second while also improving market transparency and liquidity. Additionally, ATS Brasil is expected to attract new investors to the Brazilian market, including local and international high frequency traders. ATG will also utilize NYSE Technologies’ Secure Financial Transaction Infrastructure (SFTI) network to provide global access and direct market data distribution for customers trading outside Brazil. 

Source: FinExtra , 06.11.2012

Filed under: BM&FBOVESPA, Brazil, Exchanges, Latin America, Market Data, Mexico, Trading Technology, , , , , , , , , , ,

September 22, 2012 • 6:12 am 0

Latin America: Investor News Letter 21.September 2012

Mexico

Analysis: China worries spur Mexico stock market flows

MEXICO CITY – Mexico has been on the wrong side of China’s economic boom for the last decade, but is now seeing an upturn in its fortunes as the Asian powerhouse’s economy slows and international stock pickers look to hedge their bets.

Can Mexico live up to its investment potential?
Deutsche Bank Downbeat On Brazil In Wake of Intervention; Mexico Retail Sales Up

Mexico, the “Forgotten” Emerging Market


Brazil

Brazil mulls raising Mexico car trade quota – sources

Brazil is considering raising a three-year bilateral auto trade pact quota it agreed to with Mexico in March, potentially allowing Mexican exporters to sell around $350 million worth of additional vehicles to the Brazilian market annually.

Brazil: PE cools in Brazil, warmes in Mexico and Andes

US urges Brazil in “clear terms’ not to hike tariffs

Brazil reacts to US stimuli saying it will keep the Real ‘devalued’ and competitive

Brazil ethanol returns to US as biofuel rules pave way

Goldman Sachs Plans Private-Equity Comeback in Brazil


Latin America

Colombia rapidly becoming another “positive surprise” from Latinamerica

Uruguay’s economy suffers slight deceleration in 2Q but on track to the 4% target

IMF calls on Argentina to implement measures on the quality of official data

Moody’s changes Argentina rating outlook to negative from stable

Deal Analysis: Panama City Metro Line 1

Gazprom in talks with Argentina’s YPF on LNG supplies

Private equity in LatAm: less new money, more deals

Shadow banking to dominate in LatAm projects

Cuba struggles with foreign investment, growth

China Steps Up Push Into Latin America

Korean Art fair highlights Latin American art

Filed under: Argentina, Banking, Brazil, Central America, Chile, China, Colombia, Energy & Environment, Events, Latin America, Mexico, Peru, Risk Management, Wealth Management, , , , , , , , , , , , , , , , , , , , , , ,

September 17, 2012 • 11:54 pm 0

BM&FBOVESPA Market Data Feeds and Order Routing – News Letter 14

Changes to PUMA UMDF Market Data Feed in Certification Environment
Since September 11, 2012, a new distribution of the PUMA UMDF instrument groups has been available in the certification environment. The change was necessary to adapt this environment to the start of trading in the S&P 500 futures contract. On October 1, 2012, distribution of SELIC instruments in the certification environment is scheduled to start via existing channels 3 and 4.
New Version of MegaDirect Order Entry Interface Available in Certification Environment
Version 4 of the MegaDirect order entry interface for the BOVESPA segment is available in the certification environment. Participants who use versions 2 and 3 must have them updated, in order to maintain compatibility with the BM&FBOVESPA PUMA Trading System matching engine. MegaDirect users must perform the tests mentioned in External Communication 023/2012-DI by no later than September 28, 2012.
EntryPoint Order Entry Interface Available in Production Environment
The EntryPoint trading interface for the BOVESPA segment is now available in the production environment. Although it does not entail significant performance benefits (lower latency) at this time, it mitigates the risk of impacts during BOVESPA segment migration to the BM&FBOVESPA PUMA Trading System.

Customers who will use this new interface must observe the requirement for uniqueness in the ClOrdID (11) tag in the order entry, change and cancellation messages, to prevent any crossed references between orders of the same customer and instrument from generating inconsistencies in the participant’s management. The customer is responsible for correctly filling out the tag, as announced in External Communication 021/2012-DI.
Alterations to ProxyDiff Market Data Feed in Certification Environment
The ProxyDiff market data feed is now available in the certification environment in accordance with the alterations described in External Communication 024/2012-DI. This market data feed includes a large number of test cases (e.g. clash of messages with the same Order ID, and numeric and alphanumeric groups of quotations) that will be implemented in the production environment during and after migration to the BM&FBOVESPA PUMA Trading System in the BOVESPA segment. All customers who use the ProxyDiff market data feed must perform the tests by September 28, 2012.

See full IT News letter Nr.14

Source: BM&FBOVESPA, IT News Letter Nr. 14, 17.09.2012

Filed under: BM&FBOVESPA, Brazil, Data Management, Exchanges, Market Data, , , , , , ,

September 13, 2012 • 10:46 pm 2

Brazil: Perseus Telecom acquires ETradeLab Brazilen Trading Tech Co

Perseus Telecom, a global connectivity provider, today announces the acquisition of ETradeLab, a Sao Paulo-based financial technology provider of hosting, managed connectivity, order routing and trade monitoring support. The purchase comes at a time of global demand for efficient trading systems with low-latency connectivity and local support models suited for banks, hedge funds and proprietary firms.

The joint company expects to add significant value to its services by tightly integrating them. Combining ETradeLab’s hosting solutions with Perseus’ ultra-low latency networks will provide cost effective, efficient and valuable network solutions for its customers. Anticipating and responding to innovative demands while having pricing sensitivities further led to this agreement.

“Our purchase of ETradeLab shines light on the accelerating market growth in Brazil, Peru, Chile, Panama and Colombia where capital markets require ultra-fast, reliable connections to mitigate risk and to provide worldwide reach,” states Dr. Jock Percy, Chief Executive of Perseus Telecom. “Incorporating ETradeLab into our brand was an easy decision given its expertise in the market and trade monitoring services.”

Effective immediately, Marcos Guimarães, founder of ETradeLab, is President of Perseus Telecom, Brazil. “It is a thrill to be part of Perseus Telecom’s top-tier management team. Perseus brings innovation and high performance networks at fair prices due to its strong portfolio that allow customers to increase revenues while reducing operating costs,” states Guimarães. “The LATAM region’s continuing market growth requires such building blocks for optimum time-to-market and even faster development; Perseus has the DNA to deliver them allied to ETradeLab’s local market knowledge. I’m ready for the challenge and can’t wait to start working with our customers.”

The expansion of Perseus’ Brazilian presence follows its recent Global Telecoms Business award for “Best Innovation,” related directly to building the fastest connectivity from London to BM&F BOVESPA, Brazil. Prior to the award, Perseus announced the fastest route to BM&F BOVESPA with its strategic partner GlobeNet.

“Our recent announcements and awards with regards to Brazil and South America have indicated the firm is taking a permanent and local stake in the region and we have done this with the valuable acquisition of ETradeLab,” says Percy. “We welcome Marcos Guimarães as President of Perseus do Brazil and will continue our path of commitment to providing the lowest latency networks globally whilst delivering intelligent and cost efficiencies.”

Source: LowLatency.c0m, 12.09.2012

Filed under: BM&FBOVESPA, Brazil, Latin America, News, Trading Technology, , , , , , , , , , , , ,

July 30, 2012 • 12:42 am 0

Brazil:CMA – The Latin American Market Data and Trading Company offers Direct BM&F BOVESPA Connectivity

July 30, 2012– New York, NY (USA) and São Paulo(Brazil) – Latin American trading services provider CMA Inc. http://www.cma.net, has announced a new delivery method for direct BM&F and BOVESPA market data and trading connectivity for International firms.

CMA has been providing BM&F and BOVESPA market data for over thirty five years to the trading community of Brazil. It now has leading exchange trading software services in Spain, Mexico, Colombia, Peru, Argentina and Chile with 20,000 subscribers worldwide. Today, CMA’s platforms such as CMA Series 4 have been rolled out on an impressive network called “CMA Redes Digitais.” The Redes Digitais  infrastructure is installed and directly connected within the exchange’s datacenter for the lowest possible latency.

Today’s announcement by CMA represents the launch and deployment of a directly connected infrastructure at the BM&F BOVESPA in São Paulo, Brazil with the CMA datacenter in New York. Companies can now co-locate their routers and servers with CMA at the BM&F BOVESPA datacenter or chose to receive the raw market data over CMA’s multi-gig private lines which terminate at CMA’s datacenter in New York City. The offering was developed to help firms trading with counter parties in São Paulo or for going directly to the exchange’s trading systems in a Direct Market Access (DMA) fashion.

 Many firms need to bring market data back to the USA and in return send trades messages to the exchange in Brazil. In both cases planning, paperwork and relationships are needed in order to complete the set-up. CMA is a certified exchange vendor able to help participants with the required documentation needed by the exchange to receive market data and to send trade messages. CMA also provides the relationships and connectivity to Brazilian brokers who can handle orders for foreign firms.

 “CMA’s market visibility as a prime vendor of the exchange and to 90% of the exchange’s broker dealers allows for our customers to be installed, up and running and trading as fast as possible,” Mario Chuman, General Manager of CMA commented. “International firms rely on us to help them with both exchange and broker connectivity, enabling market data and trading right from our switches in São Paulo which are now directly connected to our New York datacenter.“

 CMA is utilizing the fastest Trans Atlantic cable systems available, giving connectivity managers the security they require for proper networking, the lowest possible latency for competitiveness, multi-market/asset availability and an array of choices in being able to do so. Connectivity managers can now expand their market reach with CMA as they look to join both the BM&F BOVESPA Equities and Futures markets at roughly 50% lower IT and communications costs than other offerings which generally only provide one feed stream and one market at a time. CMA’s solution is the most cost effective, fastest and easiest way to implement an electronic trading solution for Brazilian securities.

Source, CMA, 30.07.2012

Filed under: Brazil, Data Vendor, Exchanges, Market Data, Trading Technology, , , , , , , , , , ,

July 13, 2012 • 12:27 am 0

Fidessa explores the development of electronic trading in Latin America

Fidessa group plc , provider of high-performance trading, investment management and information solutions for the world’s financial community, has today announced the publication of a white paper, Life in the fast lane: the development of electronic trading in Latin America. The paper explores the current trading landscape in Brazil, Mexico and the Andean region, and how recent technology and regulatory developments will affect domestic and international brokers trying to establish a rewarding position in these fast-paced markets.

White paper looks at market growth and trading technology in Brazil, the Andean region and Mexico

To highlight the unique trading conditions, market challenges, technology and regulatory changes shaping each market, Fidessa’s white paper considers specific regions in Latin America individually: from the extreme growth of Brazil as a strategic trading destination, to upgrades being made to Mexico’s trading infrastructure as well as the Andean region’s efforts to boost liquidity and exploit economies of scale. The paper explores the challenges presented by Latin America’s varying stages of growth as an electronic marketplace and concludes that flexibility, agility and scalability will be key attributes of the technology solution.

Alice Botis, Fidessa’s Head of Business Development in Latin America comments: “Latin America is attracting significant interest from global market participants and this shows no signs of stopping. Brokers are looking at the unique benefits each country has to offer and are taking the necessary steps to gain a presence in multiple locations across the region, in financial centers such as Brazil, Chile, Colombia, Mexico and Peru. Each country retains its unique style of trading, so it is important for buy-side and sell-side firms to understand how the marketplace is evolving in each region within Latin America and how those developments fit in with their local and global trading strategies.”

Source: Bobsguide, Fidessa 12.07.2012

Filed under: Brazil, Chile, Colombia, Latin America, Mexico, News, Peru, , , , , , , , , , , , , , , , , , , ,

June 12, 2012 • 11:15 pm 0

Brazilian Markets Still Driving Low-Latency Connectivity

The Brazilian financial markets – with the Sao Paulo-based BM&F BOVESPA securities market in particular – continue to drive activity among connectivity and infrastructure providers looking to support trading firms looking to take advantage of trading opportunities in a hot market.

Most recently, GlobeNet – which operates a submarine cable from Nasdaq’s Carteret, NJ data centre to BM&F BOVESPA with 106 milliseconds of round-trip latency – reported that is has built out its own network infrastructure within Sao Paulo, connecting in to Florencio de Abreu, 195, a connection point for the exchange.  Previously, it relied on third party telecom providers for the leg within the city.  The new link gives it more control and faster implementation of customer connections.

Meanwhile, Sidera Networks is looking to the future by purchasing bandwidth on Seabras-1, a new 32 Tb/second submarine cable, being built by Seaborn Networks, linking Miami, FL to Sao Paulo.  The network – which Seaborn execs say will be the fastest route, but they are not saying yet by how much – is expected to be operational in the fourth quarter of 2014.  Seaborn execs also say connectivity from Miami to the New York City metro area will also be announced in due course.

Also, back in April, Thomson Reuters opened an Elektron Hosting and Managed Services centre in Sao Paulo, to provide low-latency access to BM&F BOVESPA.

Source: Low-Latency, 12.06.2012 Peter Harris

Filed under: BM&FBOVESPA, Brazil, Exchanges, Trading Technology, , , , , , , ,

May 3, 2012 • 7:14 pm 1

Latin America: NYSE Technology & ATG stream line Trading & Data Access to LatAm

NYSE Technologies, the commercial technology unit of NYSE Euronext, and Americas Trading Group (ATG) are pleased to announce the production use of their high-performance order routing and market-data platform offering the global trading community low-latency access to the key trading venues in Latin America.  Leveraging NYSE Technologies’ Secure Financial Transaction Infrastructure (SFTI), the network connection delivers the lowest possible latency between New York and Sao Paulo.

Now the Global Capital Markets Community can leverage their existing SFTI connectivity to access ATG’s sponsored access gateways for direct order routing to Latin American exchanges and brokers.   Market data from key global financial markets is also available to clients in Latin America while Latin American market data can now be distributed world-wide.

“We are pleased to continue our strong partnership with ATG by working closely to expand our presence in Latin America to offer faster, simplified access to these highly attractive trading venues,” said Stanley Young, CEO, NYSE Technologies. “This is a key step in increasing access to, and liquidity in Latin America and working with ATG we will operate the highest performing route in the region.”

“Our local expertise, relationships and long-term commitment to the region combined with the technology and know-how NYSE Technologies brings to this project, create a compelling customer solution to a challenging market,” commented Martin Fernando Cohen, CEO, ATG.  “With the emergence of Sao Paulo as one of the world’s financial capitals, the increased access to local markets by global investors will enable local buy and sell side firms to play a significant role in the further emergence of a global capital markets community.”

ATG uses NYSE Technologies’ Managed Transaction Hub to offer access to local and cross border order flow between exchanges and brokers in Brazil, Mexico, Chile, Colombia and Peru.   All SFTI customers will have the ability to directly access Chile’s Bolsa de Comercio de Santiago, Colombia’s Bolsa de Valores de Colombia and Peru’s Bolsa de Valores de Lima using the ATG’s Mercados Integrados Latino Americanos (MILA) infrastructure.

Source: Mondovisione, 01.05.2012

Filed under: Brazil, Chile, Colombia, Exchanges, Latin America, Market Data, Mexico, Peru, Trading Technology, , , , , , , , , , , , , , , , , , , , ,

April 25, 2012 • 10:25 am 0

Brazil: TRADING SCREEN launches OMS, THOMSON REUTERS offers Elektron Hosting

TradingScreen Inc. launches TradePlus, its order management system (OMS) for the sell side in Brazil.

TradePlus, which will be available globally later this month, integrates all trading infrastructure required by broker dealers through a no-install Software-as-a-Service model.

TradingScreen’s TradePlus clients will benefit from an exchange co-located in a local datacenter and an office in Brazil, which ensures low-latency and the industry leading follow-the-sun support that TradingScreen is known for. TradePlus has seamless integration into the world’s leading execution management system (EMS) for the buy side, TradingScreen’s TradeSmart, ensuring a new level of communication between brokers and their clients.

“Sell-side firms looking to buy an OMS face significant challenges when trying to find a system that will integrate with their buy-side customers,” said TradingScreen CEO Philippe Buhannic. “TradingScreen’s TradePlus provides a significant advantage, because there is integration between both sides right out of the box.”

TradePlus covers the entire workflow from liquidity management, order management, book passing, warehousing, sophisticated trading tools, an algo development environment, allocation management and supports a full integration to local back office and middle office systems while leveraging the TradeNet network distribution capability.

“TradePlus offers an innovative set of hosted exchange links and risk and compliance features that insure a new level of control in a high-volume trading environment. TradePlus also provides a highly sophisticated and efficient method for trading the Brazilian equity and listed derivatives markets, while allowing brokers to give their clients the best EMS in the market,” said Jose Barrera, Director of TradingScreen’s Sao Paulo office. “TradingScreen has the largest number of deployed EMS screens globally, and a deep understanding of the market in Brazil. With this foundation beneath it, TradePlus is the right product at the right place and the right time.”

Thomson Reuters launches  Elektron hosting and managed services in Brazil.

The new service, situated in close proximity to the BM&F BOVESPA exchange, will provide trading firms with cost effective, low latency access to the real-time data required to fuel algorithmic and high-frequency trading strategies in Brazil.

Based in São Paulo, the new Elektron data solution delivers high speed connectivity to BM&F BOVESPA for market participants seeking local liquidity in Brazil, including full depth of market pricing along with US-traded American Depository Receipts (ADRs) and CME futures data. By accessing the Elektron services, either through cross-connecting applications within the data centre or externally through a choice of connectivity options, local firms can consume both low latency local market content as well as global, cross-asset real-time data from over 350 electronic venues and hundreds of OTC market contributors and reference data sources.

Investor interest in the fast-growing Brazilian market has increased rapidly in recent years, driving market liquidity and seeing an expanding number of domestic and international firms adopting algorithmic trading. Elektron Hosting and Managed Services provides the comprehensive, high-quality, real-time data and high-performance delivery required to support these trading strategies and help customers gain competitive advantage.

Mike Powell, managing director, Elektron Hosting and Managed Services, Thomson Reuters, said: “The launch of Elektron in Brazil is a natural extension of our established business in the country and supports our customers’ evolving requirements. With Elektron, we continue to bring together global market participants and deliver world-class content that further empowers these communities. We are delighted to be working with BM&F BOVESPA in Brazil to address the requirements of our collective clients for high-performance, cost-efficient data solutions.”

MondoVisione, 24.04.2012

Filed under: BM&FBOVESPA, Brazil, Exchanges, , , , , , , , , , , , , , ,

April 14, 2012 • 12:23 pm 0

Latin America: Investors Newsletter 13 April 2012- Alternative Latin Investor

Alternative bioenergy M&A picks up steam in LatAm
- Ethanol deals wait for better days

Alternative bioenergy crops could drive the next big wave of M&A in Latin America, much like sugarcane drove activity during the ethanol boom in the early 2000s, according to industry sources.

European Bank Crisis
-How will it affect Latin America?

European banks provide 45% of all the external credit lines to LatAm. Could a pullback from their international lending activities affect the operations of LatAm companies?

Other News from Latin America

LatAm tops for emerging Private Equity 

UBS Promotes LatAm Dealmaker 

Latin America’s Start Ups Expand: From Silicon Valley to Tequila Valley 

GM urges Latin America to honor trade pacts 

Private Equity Poised For Gains In Brazil On Growth Ahead 

Brazil Stocks Erase Gains, Slump On Foreign Investor Exit

Mexican firm eyeing Cuba offshore oil projects

Mexico steps out of Brazil’s shadow

Chile LAN-Brazil TAM Tie-Up Co Seen Having 2014 Revenue Of $17.5 Billion

YPF Jumps on Report Argentina Seeks Control: Buenos Aires Move

Investors Should Say Goodbye Argentina

Peru Central Bank Buys $668 Million to Stem Sol Gain: Lima Mover

Uruguay’s Credit Rating Returned to Investment Grade by S&P

Fitch revises outlook on 5 Venezuelan banks to negative

Ecuador Chosen as Best Overseas Residential Investment Market

 

Source: Alternative  Latin Investor, 13.04.2012

Filed under: Argentina, Brazil, Chile, Colombia, Latin America, Mexico, Peru, Risk Management, Venezuela, , , , , , , , , , , , , , , , , , , , ,

April 13, 2012 • 10:15 am 0

Brazils BM&FBOVESPA to aid Chiles Santiago SE (BCS) with Derivatives Knowledge Transfer exchange

BM&FBOVESPA and the Santiago Stock Exchange (BCS) signed an agreement today (April 12, 2012) that sets out the implementation of the Chilean derivatives market at the Santiago Stock Exchange. The agreement provides for the transfer of derivatives market knowledge from BM&FBOVESPA to the Chilean Exchange, encompassing products such as equity, interest rate and FX options and futures.

The alliance between the two exchanges began in December 2010 and other strategic projects are in the pipeline, such as connectivity and order routing and market data distribution in particular.

Source:MondoVisione, 12.04.2012

Filed under: BM&FBOVESPA, Brazil, Chile, Exchanges, Latin America, , , , , , , , , , ,

April 10, 2012 • 10:29 am 0

Brazil: BM&FBOVESPA Critical Technology Update April 2012

Deactivation of the UMDF GTS Market Feed

We hereby inform you that with the implementation of the BM&FBOVESPA PUMA Trading System and the availability of the UMDF PUMA market data feed for derivatives, as set forth in External Communication 006/2011-DI, the UMDF (Legacy) GTS market data feed with BM&F segment quotations will be deactivated on April 16, 2012, as announced in External Communication 007/2011-DI. New certification requests have not been accepted for market data solutions in this format since December 16, 2011. However, UMDF GTS will remain available in the certification environment until its deactivation in production.

 HFT Risk Control – LiNe Tool for Controlling Pre-Trading Risk Limits

As of May 1, 2012, use of the LiNe tool will be mandatory for participants who access the Exchange via DMA 4 – Brokerage House Co-Location, as announced in Circular Letter 014/2012-DP.  It is important to note that the Exchange is developing studies to make use of the LiNe tool mandatory for all other forms of access via DMA.

 The Mega Bolsa Station – New Version of Trading Station v. 4.56.0.2

Version 4.56.0.2 ofMega Bolsa Station is available for download from BM&BOVESPA, as announced in External Communication 010/2012-DI.  As a result, the deadline for deactivation of the old version, v. 4.51.5.3, has been postponed until May 2, 2012.
It is important to note that version 4.56.0.2 is compatible with version 4.51.5.3 currently used by brokerage houses.

 When the BM&FBOVESPA PUMA Trading System is launched for the equities market, BM&FBOVESPA will issue a new version of Mega Bolsa Station, which will be designated ePUMA

 EntryPoint

Availability of the EntryPoint certification environment in the BOVESPA segment, in line with External Communication 004/2012-DI
The new EntryPoint trading interface for the BOVESPA segment has been available in the certification environment since January 17, 2012, enabling participants to certify their solutions and use the same order entry protocol that is already available in the BM&F segment. The EntryPoint interface used in the BM&F segment delivers the native market feed from the BM&FBOVESPA PUMA Trading System, whereas the EntryPoint utilized in the BOVESPA segment is converted into the native protocol for the Mega Bolsa system, as in the case of MegaDirect.

Availability for the production environment
Availability for the production environment will be announced during the next few weeks. It is important to note that participants who adopt the new protocol will be benefited by the mitigation of significant impacts when migrating from the BOVESPA segment to the BM&FBOVESPA PUMA Trading System, since the interfaces are compatible.

2012 Mock Trading Session Calendar

The 2012 mock trading session calendar is as follows:

  • May 5: BM&FBOVESPA PUMA Trading System disaster recovery in the BM&F Segment
  • June (date to be defined): BM&FBOVESPA PUMA Trading System critical technology update in the BM&F Segment

September through December (date to be defined): migration from Mega Bolsa platform to BM&FBOVESPA PUMA Trading System in the BOVESPA Segment

 Deactivation of BELL FIX for order entry

BM&FBOVESPA will shortly announce the new pricing policy for BELL FIX and its deactivation date. It is important to note that this interface has been replaced by EntryPoint, but it will be available for market data feeds distributed in the FIX/TCPIP format.

Deactivation of MegaDirect

BM&FBOVESPA will shortly announce the new pricing policy for MegaDirect and its deactivation date. It is important to note that this interface will be replaced by EntryPoint.

Source: BM&FBOVESPA , 10.04.2012

Filed under: BM&FBOVESPA, Brazil, Data Vendor, Exchanges, News, , , , , ,

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