CMA Extends Connectivity and Raw Data from Brazil to New York
Latin American trading services provider CMA has announced a new delivery method for direct BM&FBovespa market data and trading connectivity for firms outside of Brazil.
The announcement by CMA represents the launch and deployment of a directly connected infrastructure at the BM&FBovespa in São Paulo, Brazil with the CMA datacenter in New York. Companies can now receive raw market data at CMA's datacenter in New York, rather than getting a consolidated feed through a Brazilian broker.
"What this is really doing is not just bringing the people to Brazil but bringing the data here," says Dan Watkins, a representative for CMA.
What previously cost $40-50,000 now runs about $5,000, says Watkins. CMA also provides the relationships and connectivity to 70 Brazilian brokers who can handle orders for foreign firms.
"CMA's market visibility as a prime vendor of the exchange and to 90% of the exchange's broker dealers allows for our customers to be installed, up and running and trading as fast as possible," says Mario Chuman, general manager of CMA. "International firms rely on us to help them with both exchange and broker connectivity, enabling market data and trading right from our switches in São Paulo which are now directly connected to our New York datacenter."
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