NEW YORK, MEXICO CITY, SAO PAULO and LONDON, Feb 22, 2011 /PRNewswire/ -- FCM360, the leading financial systems infrastructure hosting and market connectivity company and Terra Futuros, Brazil's top commodities broker today announced the creation of a joint venture to provide unparalleled electronic trading direct market access (DMA) to Latin American commodities and financial markets.
FCM360 (www.fcm360.com) and Terra Futuros (www.terrafuturos.com) together meet the growing demand for international traders to access Latin American commodities and financial markets for exchange connectivity, high-frequency and algorithmic trading along with managed proximity hosting solutions. With the new joint venture in place, traders of South American commodities gain increased trading efficiency, speed, and access to market data.
"This new venture between FCM360 and Terra Futuros, for the first time makes it possible to deliver complete turnkey electronic connectivity and proximity hosting to Latin American commodities and financial markets," said Jubin Pejman, FCM360 Managing Director.
The FCM360 trading infrastructure now allows brokerage houses and traders to install their computer servers in FCM360 managed hosting centers in Sao Paulo, Panama, and Mexico City directly at the exchanges in addition to DMA links in Chicago and New York where traders can now route orders via BM&F Bovespa and MexDer/Bolsa Mexicana Valores (BMV) exchange matching engines.
Adds Pejman, "The Latin American exchanges are among the fastest growing investment markets in the world and, there is a particular interest by traders to access international grains and other commodities markets for spreading contracts against other exchanges. BM&F Bovespa and MexDer connectivity will help meet the tremendous demand for electronic trading access similar to the way traders access Globex markets.
FCM360 (http://www.fcm360.com) specializes in turnkey datacenter and IT solutions for the trading and exchange community. This includes proximity hosting for low-latency trading, automated trading, algorithmic trading, high frequency trading, managed trading system hosting exchange connectivity as well as dedicated lines and turnkey managed VOIP telecom products.
In addition to its datacenter and IT services FCM360 provides low-latency connectivity to over 50 exchanges including CME Group, NYMEX, COMEX, CBOT, KCBOT, ICE OTC, ICE Futures, CBOE, Toronto Montreal Exchange (TMX), Australian Securities Exchange (ASX), Singapore Exchange (SGX), BM&F Bovespa, Mexican Derivatives Exchange (MexDer),NYSE LIFFE, NYSE Euronext United States, NASDAQ OMX United States/Europe, NYSE Euronext Europe, London Stock Exchange (LSE), Toronto Stock Exchange (TSX).