BM&F Bovespa has authorised financial technology
provider Cedro Market & Finances to provide direct market
access to BM&F, its derivatives segment. Cedro is the first
Brazilian company authorised to begin offering its clients an
order routing system that allows direct trading of financial
and agricultural derivatives on the exchange.
Investors can now access BM&F’s electronic
trading platform, Global Trading System, directly, without
having to transmit the data through the
BM&F Bovespa now has three DMA providers for the
derivatives and futures markets. Marco Polo Networks began
offering the service in January, while Bloomberg Tradebook
became a DMA provider in May. In July, over 1m contracts were
traded through DMA providers, about a sixth of the total.
BM&F offers four types of DMA: via a DMA provider,
traditional DMA transmitting data through the brokerage house
network, DMA via co-location as well as DMA involving a client
sending orders directly from his house, bypassing the
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |