According to Orc, Liquidez will use Orc Trader and Orc CameronFIX to directly trade the BM&F, Brazil’s derivatives exchange. In addition, Orc CameronFIX will allow Liquidez to receive customer order flow from customers in Brazil and around the world and direct this order flow to BM&F, a derivatives exchange.
Steve Lukes, vice president of Americas sales at Orc Software, said: We are happy to have Liquidez join our growing Brazilian client base. Liquidez is on the fore-front of the Brazilian market and represents the new wave of firms that are deploying our advanced derivatives trading and connectivity solutions to meet the new market dynamics in Brazil.
Orc Trading provides the competitive edge to trade from a single platform capable of running thousands of complex trading strategies simultaneously. Orc Trading is used by financial firms worldwide for enhanced trading, pricing and risk management on electronically traded derivatives, said Orc Software.
Ernesto Pinto of Liquidez, said: As BM&F moved towards offering FIX based market connectivity, we knew that we needed to act quickly to allow our customers to take advantage of this direct market access. We have grown to be one of Brazil’s largest futures brokers by implementing the services and technology that our customers demand. By choosing Orc for our trading and connectivity solutions, we believe we will be able to continue to serve our customers well in trading the Brazilian markets. In addition, with Orc CameronFIX, we have the flexibility to allow our customers to trade on markets outside of Brazil based on their demands and requirements.