About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

BM&F BOVESPA Unleashes Puma for Spot FX Today

Subscribe to our newsletter

Brazil’s BM&FBOVESPA exchange goes live today with the first phase of its Puma Trading System, a multi-asset platform, based on Globex technology from the Chicago Mercantile Exchange, with an aim to reduce trade execution to less than a millisecond.

Today, the exchange is commencing trading on Puma with spot foreign exchange.  Next up are derivatives products – agricultural, financial and stock index – which are to be added in coming weeks as part of a phased introduction. Eventually, all equities, equity derivatives, and corporate and government fixed income securities will be migrated and consolidated from a number of existing trading platforms.

The introduction of Puma is likely to make BM&FBOVESPA an even more popular destination for global trading entities, which are opening offices, making acquisitions of local firms and investing in low-latency and algo trading technologies to leverage the new venue.

In addition to local action, connectivity to Brazil is also becoming a major focus, with the likes of Perseus, CFN Services and Hudson Fibre Network opening new fast routes to Sao Paulo.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: High-Performance Networks & Low-Latency Connectivity for Trading

With financial markets becoming more complex and interconnected in today’s electronic trading environment, trading firms, exchanges, and infrastructure providers need to continually push the boundaries of network performance to stay ahead. Ultra-low latency, seamless connectivity, and resilient infrastructure are no longer just advantages – to stay competitive, they’re necessities. This webinar, part of the A-Team...

BLOG

BT Sells Radianz to TNS, Reshaping Financial Markets Networking Landscape

BT Group has agreed to sell its financial technology unit, Radianz, to US-based Transaction Network Services (TNS), a move that not only marks a strategic shift for the British telecom giant but also significantly reshapes the competitive landscape for global financial network providers. The deal, announced Tuesday, is expected to close in the first half...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Reporting Handbook – First Edition

Welcome to the inaugural edition of A-Team Group’s Regulatory Reporting Handbook, a comprehensive guide to reporting obligations that must be fulfilled by financial institutions on a global basis. The handbook reviews not only the current state of play within the regulatory reporting space, but also looks ahead to identify how institutions should be preparing for...