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TMCNet:  FlexTrade Partners with BM&FBOVESPA in Brazil

[January 10, 2011]

FlexTrade Partners with BM&FBOVESPA in Brazil

GREAT NECK, N.Y. --(Business Wire)--

FlexTrade Systems, a global leader in broker-neutral multi-asset algorithmic trading systems, and BM&FBOVESPA, the third largest exchange in the world in terms of market value, today announced they have partnered to provide direct access to BM&FBOVESPA's new multi-asset trading platform through FlexTrade's award winning execution management system, FlexTRADER.

The partnership will also include a new FlexTrade data center co-located at the BM&FBOVESPA to provide traders with a high performance, low latency order routing and execution path for equities and futures listed on the exchange.

"We are looking forward to building a strong relationship with the BM&FBOVESPA," said Vijay Kedia, President and CEO of FlexTrade. "We have been active in Brazil for more than two years now and have both buyside and sellside customers using our system to trade DMA and algorithmically with the BM&FBOVESPA. We are fully committed to the Brazilian financial markets and this partnership will enable both parties to offer the latest in cutting-edge, fully hosted low latency technology for DMA and customizable algorithmic trading."

"BM&FBOVESPA is very pleased with this partnership, which will contribute to the growth of our market. This partnership is aligned with our goal to offer advanced technological solutions for our customers," said Cicero Augusto Vieira, BM&FBOVESPA Chief Operating Officer.

Algorithmic trading is the touchstone of FlexTRADER, a fully customizable EMS with pre-defined trading strategies and tactics for both portfolio and single stock trading. The platform provides organically developed real-time and post-trade analytics as well as risk and cost optimized portfolio trade scheduling (FlexPTS); advanced integrations with major OMSs; integrated real-time allocations and cash management; smart order routing; a fully integrated high performance Complex Event Processing (CEP) engine; commission management; complete transaction and IOI quality management (FlexTQM); and a dynamic strategy matrix.


BM&FBOVESPA S.A. - Securities, Commodities and Futures Exchange was created in 2008 with the integration between the Brazilian Mercantile & Futures Exchange (BM&F) and the S√£o Paulo Stock Exchange (Bovespa). Together, the companies have formed the third largest exchange in the world in terms of market value. BM&FBOVESPA offers trading in equities on the cash, options and forward markets, and indices, interest rates, foreign exchange, agricultural and energy commodities on the futures, options, forward and swap markets, as well as other spot market transactions on gold, US Dollar and federal government securities. In order to provide investors with efficient and secure services, BM&FBOVESPA utilizes state-of-the-art technology. With its fully integrated business model BM&FBOVESPA is able to offer not only a sophisticated trading environment, but also registration, clearing, settlement, risk management, and central depository services. It also acts as the central counterparty for all of the transactions carried out in its markets by way of its four clearinghouses: equities, derivatives, securities, and foreign exchange. For more information, please visit BM&FBOVESPA at www.bmfbovespa.com.br.

About FlexTrade Systems, Inc.

Founded in 1996, FlexTrade Systems Inc. is the industry pioneer and global leader in broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives. FlexTRADER, our flagship platform for algorithmic trading, is widely viewed as unique in the industry for its combined high performance and multi-asset capability. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 120 buy- and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. For more information, visit FlexTrade Systems at www.flextrade.com or follow news of the company on Twitter at www.twitter.com/flextrade.

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