Object Trading, a provider of multi-asset trading infrastructure, has been fully approved by BM&F Bovespa in Sao Paulo as a conformed ISV 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 recent requirements for direct connections, in lieu of order routing 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, FX 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.
In addition to direct connectivity conformance to BM&F Bovespa, Object Trading recently announced direct market access to CurveGlobal from the beginning of live trading, became the first ASX 24 vendor to conform to the New Trading Platform (NTP), supported clients through the LME’s primary live production system move to the Interxion London Campus Data Centre, and rolled out lower latency direct connectivity to the CME’s Market Segment Gateways (MSGW).
Object Trading’s DMA platform features a single gateway for normalised market data and order execution, and carries over USD150 billion in notional value traded daily. With pre-trade risk constraints and real-time middle office integration, the platform is scalable for all types of electronic trading to over 60 markets worldwide, with minimal onboarding and maintenance investments.
Dan Hubscher, Object Trading’s director of strategy, says: “We are delighted to be approved to offer direct connectivity to BM&F Bovespa. Innovation and change are central to today’s global financial markets and it is vital for our clients to maintain connectivity throughout exchange upgrades, migrations and product launches. By using our platform, clients can reduce their investments in connectivity development, testing and quality assurance for every exchange technology change. We take care of all of that for them, so that they can stay focussed on trading. From our DMA platform firms can access 60+ exchanges, including BM&F Bovespa, seamlessly from the same normalised interface.”
