Goldman Sachs launches new Brazilian electronic trading platform

28 May 2010

Investment bank Goldman Sachs has launched a new electronic platform to provide traders with direct market access (DMA) to Brazilian stocks.

According to the bank, clients will now be able to electronically access equities listed on the Bovespa Stock Exchange in Brazil through its local outlet in the territory.

Increasing numbers of clients are now looking to take advantage of investment opportunities in the territory, Goldman Sachs Electronic Trading (GSET) unit, which launched the new platform, explained.

The DMA technology will also enable investors to place algorithm orders in the Latin America region.

Bruno Carvalho, head of Futures and Electronic Trading for Latin America, said: "We see significant opportunities in Brazil, particularly as international interest and capital inflows in the country continue to increase.

“Furthermore, as local market practices develop, it is important that Goldman Sachs expands its capabilities to offer global products to local investors in the region.”

Customers of the banks will be able to access Brazilian orders via its REDIPlus 10.0 execution management system.

Electronic access is currently offered by GSET in a number of other areas including Europe and Asia.

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

Thomson Reuters webinar

By Jim Ottewill

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