BM&FBOVESPA’s New Communication Interface With Mega Bolsa Performs up to Tenfold Faster Than the Current System
MegaDirect, a new electronic communication interface, will become the only
form of access for all automatic Direct Market Access (DMA) connections to the
Mega Bolsa, the Brazilian Securities, Commodities and Futures Exchange’s
(BM&FBOVESPA) equities segment trading platform.
The tool enables the insertion, modification, and cancelation of offers
placed on the Mega Bolsa system. The new interface performs up to tenfold
faster than the current system and allows a greater capacity of data
processing. The MegaDirect will replace the Multigateway, the previous
interface. Until
These improvements are the result of the use of more modern technology and
a direct connection to the system’s matching engine, thus reducing the steps
between the forwarding of orders and their arrival on Mega Bolsa.
The MegaDirect will use the FIX 4.2 protocol, an international
communication standard used by the financial market, for the development of
trading systems and order routing.
With the implementation of MegaDirect, brokerage houses will also be able
to use trading screens from companies authorized by BM&FBOVESPA. In the past,
the system allowed only the use of Mega Bolsa trading screens.
About BM&FBOVESPA
BM&FBOVESPA S.A. – The Brazilian Securities, Commodities and Futures
Exchange was created in 2008 with the integration between the Brazilian
Mercantile & Futures Exchange (BM&F) and the Sao Paulo Stock Exchange
(Bovespa). Together, the companies have created one of the largest listed
exchange groups in the world, the second in the Americas, and the leading
exchange in
business model, with trading, registration, netting, settlement, risk
management, market data, and central securities depository services.
BM&FBOVESPA’s state-of-the-art technological resources provide investors with
an efficient and secure trading and post-trading environment. Among its broad
range of trading products, the Brazilian Exchange offers equities, securities,
financial assets, indices, interest rates, agricultural commodities, as well
as foreign exchange futures and spot contracts, and acts as a central
counterparty for all of its market segment through its four clearinghouses –
equity, derivatives, foreign exchange, and securities.
BM&FBOVESPA S.A.
Communications Department
Press Office
Telephones: 55-11-2565-7865 / 55-11-2565-7746
E-mail: imprensa@bmfbovespa.com.br
SOURCE BM&FBOVESPA