Brazilian Exchange Signs Up Horizon for DMA Trading

Horizon Software, the provider of front end trading solutions, has announced the availability of its new DMA to Brazilian Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term BM&FBOVESPA.

Patrick Archer, Head of Sales at Horizon Software, says "Being connected to BM&FBOVESPA is an important step in starting our operations in Brazil and we put a lot of effort to deliver a low latency gateway to support market participants. Horizon Software is one of the few vendors to be certified for both, the entry point for Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and the entry point for derivatives markets."

Horizon Software is the first company to support the next generation order entry APIs Megabolsa EntryPoint (MBEP) that allows migration to the PUMA Trading System. PUMA provides a unified message specification granting access to multiple market segments such as Equities, Derivatives and Foreign Exchange.

"Our hard work with BM&FBOVESPA has been very successful. This should result in a promising use of our high-frequency trading solutions such as Horizon Algo Trader on this fast-growing market" adds Patrick Archer.