RTM connects Brazil’s finance ecosystem to global markets
Rede de Telecomunicacoes para o Mercado (RTM), the largest IT integrator of Brazil’s financial market, has announced the creation of a new platform which will see Brazil’s finance ecosystem integrated with global markets.
The new platform will support both local and international electronic stock markets, offering direct market access (DMA) through its IT infrastructure.
The aim of the new platform by RTM, which connects more than 500 institutions and service providers, is to “lower market entry barriers” and boost access to liquidity in the Brazilian market, as well as help “simplify” electronic trading in the region.
The IT integrator will provide global access through new, low latency routes which can be reached by markets in the USA, Europe, South Africa and Asia.
The platform allows on-site access to São Paulo-based stock exchange B3’s matching engine, which RTM says will ensure “highest performance”, reliability and low telecom costs.
“We want to be a facilitator interconnecting the local and global markets to create and expand business opportunities and consequently promote growth to the segment,” says RTM’s CEO Andre Mello in a statement.
“By eliminating barriers such as IT management, hardware acquisition and local expertise along with reliable global low latency access we will enable operations agility and flexibility to all participants.”
A disaster recovery data centre is based “in proximity” with B3’s secondary data centre to ensure regulatory compliance.
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