Patsystems, a derivatives trading solutions provider, has become an independent software vendor for the derivatives segment of Brazilian exchange BM&F BOVESPA, allowing the firm to offer clients direct market access (DMA) to Brazil's derivatives market.
Patsystems will also enable access to BM&F products via CME Globex, an electronic trading platform operated by the Chicago Mercantile Exchange. This will allow CME customers to trade the main BM&F derivatives contracts listed on the Globex platform.
All BM&F segment products will be available through Patsystems’ front-end products, J-Trader and Pro-Mark, and supported by the firm’s pre-trade System and Risk Administration (SARA) module. SARA specifies the order types and risk limits a user can apply, along with appropriate threshold values for issuing alerts.
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