By Cristina McEachern Gibbs – March 5, 2009
(Advanced Trading) – BNY ConvergEx has launched a suite of algorithms for both the Brazilian and Mexican markets.
“It’s an interesting place to trade from an emerging markets perspective and from a competitive differentiation standpoint if you look across the landscape, Mexican and Brazilian algorithms are not garden variety,” says William Capuzzi, president of BNY ConvergEx’s G-Trade Services.
The Mexican Bolsa Mexicana de Valores and Brazilian Bovespa are the two largest exchanges in Latin America.
Each suite offers eight different algorithmic strategies ranging from VWAP, TWAP, initiation price or POV to more advanced DMA-type strategies including pegging, synthetic reserve, scaling and limit ladder.
To read the full article please click here.
