Goldman Sachs Announces Direct Market Access For Brazilian Equities

Goldman Sachs GS Electronic Trading (GSET) announced today the ability for clients to electronically route equity orders to the Bovespa Stock Exchange in Brazil through its local subsidiary, Goldman Sachs do Brasil CTVM S.A. Clients will be able to route direct market access (DMA) as well as algorithmic orders in Brazilian equities. “Over the past couple of years, we’ve seen increasing client demand for electronic trading capabilities in emerging markets, particularly Brazil,” noted Todd Lopez, co-head of Americas sales for GSET. “As part of our longstanding commitment to providing clients with direct electronic access to key global markets, we’re pleased to expand our electronic trading offering to Brazil.” "The introduction of DMA and algorithmic trading for Brazilian equities is yet another addition to the continued build-out of our Brazilian platform,” said Goldman Sachs Brazil Bank President Valentino Carlotti. In addition to Brazil, GSET currently offers direct electronic access across asset classes for key global exchanges across the Americas, Europe and Asia. Clients will be able to route Brazilian orders via REDIPlus 10.0, the latest version of GSET’s award-winning execution management system, or via FIX connectivity to OMS and EMS providers.