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Goldman Sachs Provides Direct Market Access, Algorithmic Trading For Brazilian Equities

Goldman Sachs Electronic Trading (GSET) has offered the ability for clients to electronically route equity orders to the Bovespa Stock Exchange in Brazil through its local subsidiary, Goldman Sachs do Brasil.

According to GSET, clients will be able to route direct market access (DMA) as well as algorithmic orders in Brazilian equities.

In addition to Brazil, GSET currently offers direct electronic access across asset classes for exchanges across the Americas, Europe and Asia. Clients will be able to route Brazilian orders via REDIPlus 10.0, the latest version of GSET’s execution management system, or via FIX connectivity to OMS and EMS providers.

Todd Lopez, co-head of Americas sales for GSET, said: “Over the past couple of years, we’ve seen increasing client demand for electronic trading capabilities in emerging markets, particularly Brazil. As part of our longstanding commitment to providing clients with direct electronic access to key global markets, we’re pleased to expand our electronic trading offering to Brazil.”