Terra Futuros will use Patsystems new ASP hosted facility in Sao Paulo for North to South and South to North order routing and execution. Patsystems will provide Terra Futuros with low-latency connectivity to CME Group, eCBOT, ICE and BM&F, the derivatives segment of BM&FBOVESPA. By leveraging Patsystems XLink technology, any Patsystemsâ client who wishes to trade BM&F products can do so via Terra Futuros.
Terra Futuros will use Patsystems front-end trading platforms, Pro-Mark and J-Trader, both internally and for distribution to its clients. All trading activity will be monitored by Patsystems well established pre-trade risk management technology.
Francis Palmgren, Director of International Trading of Terra Futuros CM S.A., said:
âTerra's rapid growth, expanding global client base, and increased client interest in Brazil, requires the best solutions for electronic order delivery and execution in local Brazilian markets. By partnering with Patsystems, weâre able to offer our market-leading execution services to Patsystems global client base, both buy-side and sell-side, via one of the largest trading networks in the industry, Weâre also able to expand our reach to growth areas throughout Asia, Europe, and the US.â
Sean Barry, Managing Director and Officer, Patsystems, said:
âPatsystems is delighted to partner with Terra Futuros. Our flexible front-end, API and global connectivity offerings are ideal for Terra Futuros as they look to grow their business both domestically and internationally.â