Avelacom has expanded its low latency solution portfolio through enabling access to the Brazil Stock Exchange (B3), providing clients a direct market access port to B3’s matching engine.
Aleksey Larichev
This development comes as Avelacom becomes an RCB (Rede de Comunicação B3 – B3 Communications Network) provider.
Through RCB’s connectivity method, Avelacom has gained access to all of B3’s markets, including equities, derivatives, digital assets, and OTC. It also opens the door to the exchange’s post-trade and testing environments.
The move facilitates low latency access to B3 for all trading participants and extends the exchange’s services to numerous additional global markets.
Aleksey Larichev, chief executive of Avelacom, said: “Becoming an RCB authorised party allows us to provide more flexible and cost-effective solutions with various capacity options, helping financial firms operate more efficiently.”
Read more: Avelacom unveils new latency routes connecting to South Korea
Avelacom’s network allows clients to test and trade B3 by receiving market data feeds and trading remotely as well as on-site without needing to be collocated in B3’s data centre.
Marcos Guimaraes, Managing Director of Avelacom, LATAM, asserted the importance of this step for the business: “With this development, B3 markets becomes available at all markets on Avelacom´s global network. It also lowers the barrier of entering B3’s market from abroad by facilitating access to the trading floor and lowering costs for local brokers and trading participants.”
The move comes at a key time for Brazil, a market which has received more and more attention in recent times as global clients turn their heads towards its capital markets.
An Acuiti report from March found that almost 68% of proprietary trading firms are planning to trade on new exchanges in 2024, with Brazil touted as a main area of focus, along with Asia-Pacific.
Read more: Two thirds of prop trading firms plan to trade new exchanges this year
Expansion into the market has been predicted for some time with players keeping a close eye on its performance in recent times.
Speaking to The TRADE in October 2023, emerging markets expert Mark Mobius highlighted the significant potential of looking further afield: “We’re finding companies that are most profitable and have great growth opportunities in Brazil, Taiwan, South Korea, Turkey, South Africa.”