Liquidez will use Orc Trader and Orc CameronFIX to directly trade the BM&F, Brazilâs derivatives exchange. In addition, Orc CameronFIX will allow Liquidez to receive customer order flow from customers in Brazil and around the world and direct this order flow to BM&F.
BM&F, the fourth largest derivatives exchange in the world, earlier this year announced their intention to launch a direct market access (DMA) initiative based on the FIX protocol standard.
âAs BM&F moved towards offering FIX based market connectivity, we knew that we needed to act quickly to allow our customers to take advantage of this direct market access,â notes Ernesto Pinto of Liquidez. âWe have grown to be one of Brazilâs largest futures brokers by implementing the services and technology that our customers demand. By choosing Orc for our trading and connectivity solutions, we believe we will be able to continue to serve our customers well in trading the Brazilian markets. In addition, with Orc CameronFIX, we have the flexibility to allow our customers to trade on markets outside of Brazil based on their demands and requirements.â
âWe are happy to have Liquidez join our growing Brazilian client base,â says Steve Lukes, VP of Americas Sales for Orc Software. âLiquidez is on the fore-front of the Brazilian market and represents the new wave of firms that are deploying our advanced derivatives trading and connectivity solutions to meet the new market dynamics in Brazil.â
Orc Trading provides the competitive edge to trade from a single platform capable of running thousands of complex trading strategies simultaneously. Orc Trading is used by financial firms worldwide for enhanced trading, pricing and risk management on electronically traded derivatives.
The worldâs leading banking and financial firms rely on the high performance trading capabilities of the Orc CameronFIX - the only globally proven FIX platform for brokers, fund managers, exchanges and software vendors across the securities, investment, banking and finance industries.