FlexTrade Systems, a major player in broker-neutral multi-asset algorithmic trading systems entered into a partnership relation with BM&FBOVESPA, the third largest exchange in the world in terms of market value, to provide direct access to BM&FBOVESPA’s new multi-asset trading platform through FlexTrade’s award winning execution management system, FlexTRADER.

To provide traders with a high performance, low latency order routing and execution path for equities and futures listed on the exchange, the partnership will also include a new FlexTrade data center co-located at the BM&FBOVESPA.

“We are looking forward to building a strong relationship with the BM&FBOVESPA,” said Vijay Kedia, president and CEO of FlexTrade, in a press release. “We have been active in Brazil for more than two years now and have both buyside and sellside customers using our system to trade DMA and algorithmically with the BM&FBOVESPA. We are fully committed to the Brazilian financial markets and this partnership will enable both parties to offer the latest in cutting-edge, fully hosted low latency technology for DMA and customizable algorithmic trading.”

“BM&FBOVESPA is very pleased with this partnership, which will contribute to the growth of our market. This partnership is aligned with our goal to offer advanced technological solutions for our customers,” said Cicero Augusto Vieira, BM&FBOVESPA chief operating officer, in a the release.

Algorithmic trading is the touchstone of FlexTRADER, a fully customizable EMS with pre-defined trading strategies and tactics for both portfolio and single stock trading. Organically developed real-time and post-trade analytics are provided by the platform.  Risk and cost optimized portfolio trade scheduling; advanced integrations with major OMSs; integrated real-time allocations and cash management; smart order routing; a fully integrated high performance Complex Event Processing engine; commission management; complete transaction and IOI quality management; and a dynamic strategy matrix are also offered by the same.

In related news, FlexTrade Systems has been named, for the fourth time, "Best Vendor for Algorithmic Trading Technology" by the readers of FX Week.