CEP platforms expand in Brazil

by Jonathan Wheatley in São Paulo, FT.com

The fast-moving electronification of Brazil’s futures and stock exchange has continued with the latest in a series of contracts for complex event processing (CEP) platforms to facilitate high-speed algorithmic trading seeking arbitrage opportunities between assets traded in Brazil and overseas.

The arrival of CEP systems over the past year is part of several initiatives providing greater and faster access to Brazil’s exchange for overseas traders and to foreign assets for traders in Brazil.

The BM&FBovespa – formed last year by the merger of the São Paulo futures and stock exchanges – is currently the fastest-growing exchange in the world according to Mondo Visione, which tracks global exchanges. Its market capitalisation grew by 17.6 per cent in September and by 65.7 per cent over the past year.  Report