Brazil’s B3 Exchange Appoints Infinox to Make Markets for Forex Futures

Infinox Capital now allows Brazilian investors to trade FX and interest rate products in their home market.

Brazilian financial exchange operator, B3 has accredited UK brokerage, Infinox Capital to provide liquidity and to act as the sole market maker for FX futures trading contracts.

As a market maker on the world’s third largest derivatives exchange, Infinox Capital now enables Brazilian investors to trade the world’s FX and interest rate products in their home market, without needing to send funds out of the country. The company already offers simultaneous bid and offer prices in selected securities listed on the exchange as part of its market-making services.

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The latest agreement intends to further strengthen liquidity, pricing, and market depth offered to the bourse’s investors, who count over 1.5 million active accounts.

“Demand from retail investors in Brazil is booming, having grown 60-fold in the past three years. Infinox will spend the next few months measuring demand from institutional investors, banks and brokers for futures contracts,” the company said.

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With the B3’s new product launch, Brazilian investors are able to trade several currencies against the US Dollar, such as GBPUSD, AUDUSD, NZDUSD, EURUSD, USDCAD, USDJPY as well as the Scandinavian pairs (USDNOK and USDSEK) and also place positions in the 10 Year US notes.

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London-headquartered INFINOX has been extending its liquidity distribution, most recently signing Gold-i’s Matrix Net as an additional channel. This accord makes its multi-asset liquidity available to brokers worldwide who use Gold-i’s Matrix, MT4 Bridge, and MT5 Gateway products.

INFINOX has also released its new trading platform for multiple assets, including contracts for differences (CFDs) – IXO.

Commenting in the news, INFINOX CEO, Robert Berkeley, said: “It’s a gamechanger for Brazilian investors, who can now trade forex futures in their home market more easily and effectively. Meanwhile, for Infinox the potential for future collaboration with other international exchanges is hard to overstate. The CFD environment in Britain and the US has become more challenging recently, so our diversification into market making is part of our ongoing and ambitious strategy for global growth.”

INFINOX Capital Ltd is a London-based brokerage regulated by the Financial Conduct Authority (FCA). The company offers its clients in the UK and EU to trade a range of assets, including forex, equities, and commodities.

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