A global connectivity provider for the financial services industry, Avelacom announced today that it has partnered with the Brazilian Stock Exchange (B3) to provide B3’s native data market feeds to different financial services companies including investment banks and trading firms.
According to the official press release shared with Finance Magnates, the financial companies will be able to use market data through Avelacom’s global points of presence (POPs). Avelacom currently has more than 80 POPs around the world.
Additionally, Avelacom highlighted the growing demand for emerging markets like China, India and Brazil. According to Acuiti’s survey commissioned by Avelacom, Brazil ranked third in the list of the most attractive markets financial companies, planning to enter over the next year.
Commenting on the partnership, Alexandre Jahnecke, Superintendent of Technology Services at B3, said: “Expanding B3’s global reach is definitely a top priority. The combined services of B3 and Avelacom’s infrastructure will surely Leverage B3’s internationalization plans, creating a better quality experience for our clients across key markets for market data, DMA and other trading and, eventually, post-trade services.”
Latin America
In the press release, Avelacom mentioned the importance of the Latin American region for financial services companies worldwide. Brazil is the strongest economy in the South American region and has the title of an emerging market. Despite the recent challenges of political instability and COVID-19, the country is still a top priority for financial firms.
“Brazil is one of the most commonly cited countries in which financial institutions are interested in starting operations over the next 12 months. Adding low latency access to the B3’s data center for all key financial markets, combined with the existing Hosting capabilities we provide in Sao Paulo, and the most direct fibre-optic routes between global exchanges all support the integration of Brazil’s markets for global traders,” Aleksey Larichev, CEO of Avelacom, said in a statement.
