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BM&FBOVESPA announced today that it has approved Object Trading as a conformed ISV to handle market data, order entry, and pre-trade risk constraints, via its Direct Market Access (DMA) platform for clients and partners. Object Trading is a provider of multi-asset trading infrastructure featuring a single gateway for normalised market data and order execution to over 60 markets worldwide, providing its clients with the flexibility and adaptable infrastructure they need to continue trading in an ever-changing, global market.
BM&FBOVESPA’s most recent requirements regarding direct connections in place of order routing partnerships take effect on October 31, 2016. Buy-side firms in Brazil and abroad will continue to seek and find deep liquidity in BM&FBOVESPA’s futures and options on interest rates, FX and equity indices. Furthermore, these firms will need to keep pace with ongoing growth and innovation at the Exchange. Object Trading allows buy-sides outside of and in Brazil to maintain or obtain direct market access to BM&FBOVESPA without technology disruption.
