Implementing BM&FBovespa into your Trading Strategy: Opportunities and Challenges

Date: September 14, 2011 – 4:45pm- 7:30pm
Where: Mid-America Club
200 E. Randolph Drive, 80th Floor
Chicago, IL 60601  Tel: 312-856-9483

Today, Brazil has been in the news and much is being said about the richness of its market.  But what does it mean for the US trader?  What opportunities are available and what do you need to know before you implement a trading strategy in the Brazilian market? These issues and others will be addressed in an after-hours forum sponsored by CFN Services, Link Investimentos and supported by The Mankoff Company. Our panel discussion will address several issues including the challenges of working with the Brazilian exchange BM&FBOVESPA, regulations, tax issues and mission critical topics involved when adding Sao Paulo to your trading strategy. 

Join us on September 14th for this highly topical event and learn how you can best exploit trading opportunities in the Brazilian market.

Opportunities and Challenges in Establishing a Trading Firm in Brazil

4:45 pm Registration

5:15 pm Opening Remarks & Panel I: Trading in Brazil: Market Overview, Regulatory Challenges and the Criteria Necessary to Establish a Successful HFT Firm

This panel addresses:

• Examining the current state of the Brazilian market: Why does now seem like an opportune time to start up a firm? What does a US trading firm need to know before they broach the Brazilian market?
• Understanding regulations and tax issues in Brazil and how it will impact your business
• Buy vs. Build: Determining which will expedite your time to revenue
• Selecting a partner: Identifying the best model and brokers which align with your strategy and incorporating the best strategies for Brazilian trading flow
• HFT in Brazil: Which asset classes offer the best opportunities and will provide the greatest liquidity
• A look ahead: What is the future for Brazilian HFT market, BM&FBovespa and beyond?

Moderated by Danielle Tierney, Industry Analyst, Securities & Investments, Aite Group

Panelists:

Lucy Pamboukdjian, International Business Development Officer, BM&FBOVESPA

Mario Palhares Director,  BM&F BANK

Nilson Monteiro, Director High Volume DMA,  Link Investimentos

Wil Tirado, VP, Network Infrastructure and Engineering, CFN Services

Brian H. Zboril, Director of Business Development, Infinium Capital Management

 6:30 pm  Networking Reception Following the conclusion of the panels join us for a Networking  Reception to continue the discussion of opportunities available in the Brazilian market

Who Will be Attending the Event:

• FX, Options and Futures Trading Desks
• Proprietary Trading Desks
• High Frequency Traders
• Traders
• Hedge Funds
• Commodity Trading Advisors
• Risk Managers
• Portfolio Managers
• Broker/Dealers
• Technology Firms
• Solution Providers
• Law Firms
• Consulting Firms
• Advisory Firms

Date: September 14, 2011 – 4:45pm- 7:30pm
Where: Mid-America Club
200 E. Randolph Drive, 80th Floor
Chicago, IL 60601  Tel: 312-856-9483
Attire: The Mid-Atlantic Club is business casual, jeans and sneakers are not allowed

For more information please contact Lauren Smith at CFN Services: 703-788-6633 or lauren.smith@cfnservices.com

Alpha Platform™ enables clients of both CFN and Link worldwide to capitalize on new market opportunities in Brazil

Herndon, VA (PRWeb).  August 1, 2011 — CFN Services, Inc., the leading provider of managed high-frequency trading enablement services, today announced Link Investimentos; one of the largest independent broker-dealers in Brazil to provide lowest latency market access to Brazil’s equities, commodities and futures exchange, has joined the Alpha Alliance™. The inclusion of Link into the Alpha Alliance allows trading firms globally to extend their current trading strategies to Brazil with guaranteed lowest latency access for today and the future.

“Partnering with CFN Services to provide a high performance market access solution for current and new trading members offers a distinct competitive advantage,” says Nilson Monteiro, head of High Volume DMA with Link Investimentos.  “CFN’s Alpha Platform™ broadens our reach to the global traders who want to capture the unique trading opportunities in Brazil. The benefits that CFN’s Alpha Platform and its world-class technology bring to our brokerage business are clear.”

“The Alpha Platform provides a turn-key trading solution to global financial institutions looking to enter the Brazilian market,” said Sebastian Yoon, CFN Services’ VP of Financial Services. “CFN is committed providing market leading managed trading infrastructure services in Brazil, and adding Link Investimentos to the Alpha Alliance further expands our full trading enablement support in Brazil.”

About Link Investimentos

Link Investimentos, founded in 1998, is the leader in exchange-traded and fixed-income commodities in Brazil. This innovative and dynamic financial institution includes Brokerage, Wealth Management, Commodities, and Research divisions, each focused on serving the needs of clients seeking sophisticated solutions and technology.

As a leader in the high-frequency trading market, Link’s High Volume DMA team focuses on developing solutions for quantitative institutional investors, recognized as the benchmark agency-only broker for HFTs in Brazil.  Link also offers Co-location and Proximity Co-location Services to deploy custom solutions for its clients.

About CFN Services in the Global Financial Markets
CFN Services is a leading provider of managed high-frequency trading enablement services, providing solutions that accelerate market data delivery and trade execution for some of the most sophisticated financial markets participants worldwide. CFN Services operates the low-latency  Alpha Platform™, a high performance low latency global infrastructure that accelerates trading performance for automated traders across key liquidity venues in the equities, options, futures, derivatives, and FX markets. CFN is the sponsor of the Alpha Alliance which is setting the standard for next generation infrastructure and providing leading edge trading solutions.

For more information http://www.cfnservices.com/Partner-Channel/alpha-alliance.html

CFN Services provides high performance network and application delivery solutions for real-time, mission critical applications. Leveraging FiberSource^®, a global network optimization platform, CFN Services builds low-latency private cloud solutions to solve the performance challenges of latency and jitter in distributed IT environments. Whether the application and data are dispersed across town or around the globe, CFN Services deploys turnkey solutions within and between public and private data centers in North and South America, Europe, and Asia. For more information: http://www.cfnservices.com

Press Contacts:

Judy Misbin-May, CFN Services

+1-703-788-6633

judy.misbin-may@cfnservices.com

Ricardo Alves Caetano, Link Investimentos

55 11 3073-6730
rcaetano@linkinvestimentos.com.br

BM&FBovespa does it again.  Operating one of Brazil’s biggest securities exchange, gained the most in a year in Sao Paulo trading after JPMorgan Chase & Co. said the stock price doesn’t reflect the company’s growth prospects. With a 7.24% rise on March 10.  This follows their announcement of going over 70,000 in January 2010. Not to mention another landmark as the number of single stock option contracts traded on its derivatives section in March exceeded that traded on any of the largest US options exchanges, according to data from the World Federation of Exchanges. The Brazilian bourse traded 87.5m that month, compared with 79.3m at the Chicago Board Options Exchange, 66.6m at the International Securities Exchange, and 58.9m at Nasdaq OMX PHLX.

All of this makes BM&FBovespa an exchange to not be ignored. In this year of asset and geographical diversification in trading strategies, BM&FBovespa is expected to see unusually higher growth of volume.

CFN Services is proud to be part of this growth, by providing lowest latency connectivity from all the major trading venues back to Sao Paulo. CFN Services, is the only provider to offer the Latency Improvement Plan. When you sign your contract with CFN you know the latency you will receive today and are committed to improve that latency during the duration of the contract – ensuring you are still the lowest latency in the future.

For lowest latency connections, capacity is limited – get in the queue now to reserve not just your low latency to Sao Paulo for today, but ensure you are part of the next network improvement plan

Contact us now:  lowlatency@cfnservices.com    703-788-6633

CFN Services has lowered their latency from NY – Sao Paulo; Chicago – Sao Paulo and DC- Sao Paulo.Contact CFN Now: http://www.cfnservices.com/freetrial/startnow.html

Electronic Trading Reaches Maturity in Brazil, Says Exchange by Wall Street & Technology

(http://www.wallstreetandtech.com/exchanges/showArticle.jhtml;jsessionid=ZI0QJTYV31XW1QE1GHRSKH4ATMY32JVN?articleID=226700036)

CEP platforms are increasingly connecting to Brazil’s BM&FBovespa, which is now the sixth largest derivatives market in the world with growth of 67% in the first quarter of 2010.

The Brazilian market continues to see strong growth in electronic trading, with hedge funds and high frequency firms in Brazil increasingly deploying volatility and arbitrage strategies.

“We are coming to a stage of great maturity in our markets, after three years working hard to promote electronic trading. As a result of this maturity level, we see more and more CEP tools ready to connect to our markets,” Marcio Castro, IT officer of trading systems at BM&FBovespa, tells WS&T.

“We are increasing [our capacity] in terms of latency and throughput. We have collocation available for all BM&F Bovespa markets. Last year, we doubled our capacity for the equities business,” he noted.

Customer Retention: The Power of Insight

Leveraging insurers’ reams of data to identify and pursue loyal customers

The Brazilian exchange is also working on a project with CME Group to build a new matching engine for Bovespa, Castro said.

Castro’s comments follow the announcement that Streambase’s Complex Event Processing (CEP) platform has been extended to connect to BM&FBOVESPA, Brazil’s derivatives and equities exchange and one of the world’s largest exchanges in market value.

This will allow StreamBase to provide algo trading firms with low-latency connectivity to the Brazilian exchange, enabling them to trade on an extensive range of Brazilian products and hedge their risk across international markets, according to BM&FBovespa.

Trading volumes on Bovespa, the cash exchange, and the BM&F derivatives exchange in have grown ten-fold in the last 10 years, while the stock exchange value has gone up four times, says Martin Koopman, an independent analyst to the securities industry who recently wrote a TABB Group report entitled “Latin American Electronic Trading: Caliente!”

In his report, Koopman noted that BM&FBOVESPA is now the sixth largest derivatives market in the world with growth of 67% in the first quarter of 2010.

“I found that locals are trading more,” he says. “You have a blend of institutions, a growing number of hedge funds and quite a sophisticated group of broker dealers. But now there is a lot of international interest in the [Brazilian] market too. Hedge funds are looking at it, high frequency firms in Brazil are deploying volatility and arbitrage strategies. You can collocate at both Bovespa and BM&F today. There’s low latency data available from the exchanges. So broker dealers and hedge funds are using low latency strategies. It’s a very exciting time,” he adds.

“Brazil is an interesting market,” Richard Tibbetts, CTO of Streambase, agrees. “There are parallels with the Canadian market and how its equity market has matured.”

Last week, StreamBase also announced a partnership with Sao Paulo, Brazil-based Alphastream, a provider of professional services and tools to building next- generation electronic trading systems.

Hamilton Araujo, managing director of Alphastream commented that StreamBase’s visual development environment would allow the company to work with customers – both business analysts and developers – to create “sophisticated strategies with an event-driven trading infrastructure.”