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 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 and the entry point for derivatives markets.”

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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.