Avelacom, a global connectivity and IT infrastructure provider for the financial services industry, is adding the Brazilian Stock Exchange (B3)’s real-time market data to its service portfolio.
B3 said this will provide investment banks and low latency trading firms with B3’s native market data feeds to markets in North America, Europe, Middle East and Africa and Asia Pacific via Avelacom’s 80 global points of presence (PoPs).
It will improve price discovery and arbitrage strategies across all derivatives, as well as access B3 markets for trial purposes.
This initiative reflects the strengthening demand to trade new markets, with Brazil ranked third, after China and India, among the most attractive markets that firms intend to engage with over the next year, according to the Acuiti’s survey commissioned by Avelacom.
Alexandre Jahnecke, superintendent of technology Services at B3, said: “Expanding B3’s global reach is definitely a top priority. The combined services of B3 and Avelacom’s infrastructure will surely leverage B3’s internationalisation plans, creating a better quality experience for our clients across key markets for market data, direct market access and other trading and, eventually, post-trade services.”
Aleksey Larichev, CEO of Avelacom, commented: “Brazil is one of the most commonly cited countries in which financial institutions are interested in starting operations over the next 12 months.”
“Adding low latency access to the B3’s data centre for all key financial markets, combined with the existing hosting capabilities we provide in Sao Paulo, and the most direct fibre-optic routes between global exchanges all support the integration of Brazil’s markets for global traders.”
