Terra Futuros, a Brazil-based brokerage firm, has selected UK-based Patsystems for electronic trading platforms.
Patsystems has said that it will provide Terra Futuros with low-latency connectivity to CME Group, eCBOT, ICE and BM&F, the derivatives segment of BM&FBOVESPA.
Terra Futuros will use Patsystems’s new ASP hosted facility in Sao Paulo for North to South and South to North order routing and execution.
By leveraging Patsystems XLink technology, any Patsystems’ client who wishes to trade BM&F products can do so via Terra Futuros.
Terra Futuros will use Patsystems front-end trading platforms, Pro-Mark and J-Trader, both internally and for distribution to its clients. All trading activity will be monitored by Patsystems well established pre-trade risk management technology.
Francis Palmgren, director of international trading of Terra Futuros , said: “By partnering with Patsystems, we’re able to offer our market-leading execution services to Patsystems global client base, both buy-side and sell-side, via one of the trading networks in the industry, We’re also able to expand our reach to growth areas throughout Asia, Europe, and the US.”