Avelacom has expanded its low latency resolution portfolio thru enabling get right of entry to to the Brazil Inventory Alternate (B3), offering purchasers an instantaneous marketplace get right of entry to port to B3’s matching engine.
Aleksey Larichev
This construction comes as Avelacom turns into an RCB (Rede de Comunicação B3 – B3 Communications Community) supplier.
Thru RCB’s connectivity way, Avelacom has received get right of entry to to all of B3’s markets, together with equities, derivatives, virtual belongings, and OTC. It additionally opens the door to the alternate’s post-trade and checking out environments.
The transfer facilitates low latency get right of entry to to B3 for all buying and selling members and extends the alternate’s products and services to a lot of further international markets.
Aleksey Larichev, leader govt of Avelacom, mentioned: “Changing into an RCB approved birthday celebration permits us to supply extra versatile and cost-effective answers with more than a few capability choices, serving to monetary companies function extra successfully.”
Learn extra: Avelacom unveils new latency routes connecting to South Korea
Avelacom’s community permits purchasers to check and commerce B3 by means of receiving marketplace information feeds and buying and selling remotely in addition to on-site while not having to be collocated in B3’s information centre.
Marcos Guimaraes, Managing Director of Avelacom, LATAM, asserted the significance of this step for the trade: “With this construction, B3 markets turns into to be had in any respect markets on Avelacom´s international community. It additionally lowers the barrier of getting into B3’s marketplace from in another country by means of facilitating get right of entry to to the buying and selling flooring and reducing prices for native agents and buying and selling members.”
The transfer comes at a key time for Brazil, a marketplace which has won increasingly more consideration lately as international purchasers flip their heads in opposition to its capital markets.
An Acuiti record from March discovered that just about 68% of proprietary buying and selling companies are making plans to commerce on new exchanges in 2024, with Brazil touted as a chief house of focal point, together with Asia-Pacific.
Learn extra: Two thirds of prop buying and selling companies plan to commerce new exchanges this 12 months
Growth into the marketplace has been predicted for a while with gamers holding an in depth eye on its efficiency lately.
Talking to The TRADE in October 2023, rising markets professional Mark Mobius highlighted the numerous doable of taking a look additional afield: “We’re discovering corporations which can be maximum winning and feature nice enlargement alternatives in Brazil, Taiwan, South Korea, Turkey, South Africa.”
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