Morgan Stanley to expand electronic trading platform in Brazil

14 June 2010

Morgan Stanley has expanded its electronic trading service in Brazil to feature securities listed on the BM&F Bovespa Exchange (Bovespa).

According to the investment bank, clients will be provided with direct market access and algorithmic strategies as part of the initiative, which was officially introduced in April of this year.

The platform provided by Morgan Stanley Electronic Trading (MSET) includes Target Percentage of Volume, Price React and VWAP among its features, the bank explained.

Andrew Silverman, managing director and co-head of MSET, said: “The expansion of our existing platform in Brazil underscores our commitment to the region and to arming our clients with the tools they need to navigate the Latin American marketplace.”

The addition to the platform follows the launch of a new suite of algorithmic trades in Mexico during July of last year.

Goldman Sachs also recently launched a new electronic trading platform in the territory to provide investors with a chance to take advantage of opportunities on Bovespa.

To hear experts from Thomson Reuters discuss investment opportunties in Brazil in a recent bobsguide-hosted webinar please click below;

Thomson Reuters webinar

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