BNY ConvergEx Brings Algo Trading for Brazil Online

As more foreign buy-side firm seek to invest in the Brazilian and other Latin American markets, they are looking for the same execution tools that are available in other global markets-namely, trading algorithms. To meet this need, global agency broker BNY ConvergEx has recently deployed a suite of algorithms for clients trading on the BM&FBovespa exchange in São Paulo.

"We found that many firms, especially in the U.S., are using algorithms in a more significant manner to execute their trades,"

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