ConvergEx opens Rio office
Trading technology company ConvergEx is
capitalising on increasing investor interest in Brazil with the opening a new
office in Rio de Janeiro to support its Eze order management system (OMS).
The Eze OMS offers support for portfolio management,
compliance, trading and operations on a single platform. The new office will
facilitate all areas of Eze’s trading, portfolio management, compliance,
operations and data management tools.
Jason Pietrafitta, recently manager of
Asia-Pacific consulting for ConvergeEx’s Eze Castle Software, has been
appointed director of Brazil consulting to support the firm’s latest venture.
“This presence gives us a platform that
allows us to provide flexible and robust technology to Latin America’s rapidly
growing markets while offering our regional customers the highest level of
service and support,” said A.J. De Rosa, managing director and co-head of
global sales for ConvergeEx’s Eze Castle Software.
Competition among trading venues is set to
increase in the Brazil, after US-based exchange operators Direct Edge and BATS
Global Markets signalled their intention to launch separate platforms to
compete with domestic bourse BM&F Bovespa.
However, potential new
entrants may find it difficult to establish themselves in Brazil following a
reluctance by BM&F Bovespa to open up its vertically-owned clearing house