Object Trading, a provider of multi-asset trading infrastructure, says that it has been fully approved by BM&F BOVESPA in Brazil (Bolsa de Valores, Mercadorias & Futuros de São Paulo) to handle market data, order entry and pre-trade risk constraints via its direct market access (DMA) Platform for its clients and partners. BM&F BOVESPA’s revised requirements for direct connections, in lieu of order routeing partnerships, take effect today.
Buy-side firms in Brazil and internationally will continue to seek and find deep liquidity in BM&F BOVESPA’s futures and options contracts in interest rates, foreign exchange and equity index products. Further, these firms will need to keep pace with ongoing growth and innovation at the exchange. Object Trading enables international buy-sides outside of Brazil – as well as domestic - to maintain existing, or facilitate new direct market access to the BM&F BOVESPA without technology disruption.