Deliver Your News to the World

ATG Announces the Creation of ATS Brasil with NYSE Technologies


WEBWIRE

-New Equities Matching Platform Powered by NYSE Technologies Universal Trading Platform-
-NYSE Technologies Becomes Minority Shareholder in ATS Brasil-

Rio de Janeiro and New York, - Americas Trading Group (ATG) today announced the formation of a new company that will develop a liquidity center targeting the Brazilian exchange market called Americas Trading System Brasil or ATS Brasil. Utilizing trading solutions developed by NYSE Technologies, the technology unit of NYSE Euronext, ATS Brasil will offer customers a new equities matching platform in Latin America.

ATG will maintain the controlling interest as well as operational management of the company with NYSE Technologies as a minority shareholder and the core technology provider. ATS Brasil plans to begin operations in 2013, subject to approvals by the Central Bank of Brazil and the Brazilian Securities Commission (CVM).

Fernando Cohen, ATG´s President, believes that the entry of ATS Brasil will have a positive effect on the local stock market as it will contribute to expanding the range of products and services offered to investors in the region. Cohen also emphasized the importance of NYSE Technologies’ decision to expand into the Brazilian market by becoming a partner of ATS Brasil.

Cohen stated that initially ATS Brasil intends to operate in a model known as “the organized OTC market” based on computerization and transparency in order registration and execution, and adopt rigid mechanisms of self-regulation. He further noted that ATS Brasil was not created to compete with BM&FBovespa, but rather to complement it by improving liquidity and price formation for Brazilian assets.

“The entry of ATS Brasil starts a new cycle in the Brazilian exchange market. Our innovative, high-performance order execution platform will generate more liquidity for the capital markets. This initiative should stimulate cost reduction by offering efficiency gains for investors and create the real possibility of placing the Brazilian market within international standards,” said Fernando Cohen.

Dominique Cerruti, President and Deputy CEO, NYSE Euronext said, “As a leading operator of global markets and market technology, we have designed and deployed proven, market-tested trading platforms in key market centers around the world. We are pleased to partner with ATG as they expand their business into equities matching with the ATS Brasil initiative. Our technology platform should provide customers and market participants with the same high-quality trading experience, performance and reliability that they’ve come to expect from NYSE Euronext’s own exchanges.”

ATS Brasil will use the Universal Trading Platform (UTP) developed by NYSE Technologies and used by NYSE Euronext’s global markets. UTP has the capacity to process high volumes of messages with very low latency, giving market participants the opportunity to submit thousands of orders per second while also improving market transparency and liquidity. Additionally, ATS Brasil is expected to attract new investors to the Brazilian market, including local and international high frequency traders. ATG will also utilize NYSE Technologies’ Secure Financial Transaction Infrastructure (SFTI) network to provide global access and direct market data distribution for customers trading outside Brazil.



About ATG
The experience and knowledge achieved by experience in the Brazilian exchange market resulted in the creation of Americas Trading Group (ATG). ATG is a company specialized in Electronic Trading that offers a multibroker platform of products and services for order execution in the key markets of the Americas - Brazil, USA, Mexico, Chile, Colombia, Peru and Argentina.

ATG is a high-performance liquidity center, broker-neutral, which consolidates and manages connections between brokers, end customers and stock exchanges in Latin America. The principles of capillarity, high availability and high performance summarize ATG´s extensive network connectivity.

Aiming to provide their customers with the latest in electronic execution technology, ATG connects them directly to global exchanges via DMA2, also supplying a diverse array of products, services and solutions through ATG´s Electronic Trading platform.

The company offers Buy and Sell Sides customers full hosting support, aiming for the best execution of their orders, even enabling the outsourcing of their entire infrastructure. The mutibroker platform developed by ATG allows the use of algorithms and robots for best order execution.

In February 2011, ATG started a partnership with NYSE Technologies, the technology division of NYSE Euronext. The partnership aims to provide unique access to exchanges in Latin America, having evolved into the creation of a Liquidity Hub.

For additional information, visit www.americastg.com.

About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides broadly accessible, comprehensive connectivity and transaction capabilities, data and infrastructure services, and managed solutions for a range of customers requiring next-generation performance and expertise for mission critical and value-added trading services.

NYSE Technologies offers a diverse array of products, services and solutions to: the Buy Side, including order routing, liquidity discovery and access to a community of over 630 Broker-Dealers and execution destinations globally; the Sell Side, including high performance, end-to-end messaging software and innovative market data products delivered on the world’s largest, most reliable financial transaction network; and Market Venues and Exchanges, including multi-asset exchange platform services, managed services and expert consultancy.

With offices across the U.S., Europe, and Asia, NYSE Technologies offers advanced integrated solutions for the global capital markets community, earning the ability to power trading operations for many of the world’s best financial institutions and exchanges.

For additional information visit: www.nyse.com/technologies.



WebWireID164251





This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.