BT welcomes BM&FBOVESPA — Brazil’s largest securities, commodities and futures exchange — to its financial services cloud community
BT today announced that the market data of BM&FBOVESPA — one of the largest listed exchange groups in the world, the second largest in the Americas and the leading exchange in Latin America — will now be available to financial institutions globally via the BT Radianz Cloud. The cloud community members now have access to the market data of the Brazilian exchange via the world’s largest secure networked financial services community, benefitting from reduced time to market and the costs of technology infrastructure.
BT now includes BM&FBOVESPA in an extensive list of organisations in Latin America that is using BT’s solutions to gain access to financial markets applications and services, to expand their reach into international markets and also to attract greater liquidity into the region.
The BT Radianz Cloud community includes around 500 member locations in Latin America. BT operates in 22 countries across Latin America, and has accelerated its growth in the region by extending its network infrastructure, by launching more than 30 new products and services, and through the recruitment of 250 highly qualified professionals.
The BT Radianz Cloud will allow BM&FBOVESPA to better distribute their new and improved ‘Unified Market Data Feed’ (UMDF) globally. This provides streaming of real-time quotes, traded prices and index values from the exchanges in different asset classes operated by BM&FBOVESPA to support trading in its market. This information covers derivatives, futures, options on futures, forward, private bonds, cash equities, ETFs and options on equities as well as BM&FBOVESPA’s indexes (IBOVESPA, IBRX-50, SMALL CAP, etc).
Tom Regent, president, global banking and financial markets, BT Global Services, said: “Banks, brokers and investment firms around the world are seeking new routes to reach into Latin America. Likewise, Latin American financial institutions and ‘multilatinas’ are rolling out ambitious strategies for globalisation. With a growing number of local exchanges and market participants joining the BT Radianz Cloud community, we have an important role to play in making this happen. We welcome BM&FBOVESPA to this community and see this as further evidence of our growing presence in the region.
“This is an exciting development for BT and offers a wealth of new opportunities for global members of the BT Radianz community to access the Brazilian market and the exchange’s services. Today’s announcement fully supports BT’s objective to help our customers do more and better business in Latin America.”