CQG, a global high -performance technology solutions for manufacturers, traders, brokers, commercial hedgers and exchanges, has announced that Brazilian Bank ITAU BBA is the youngest partner of the Futures Merchant (FCM) Committee (FCM) in Brazil.
Already in force, cooperation is expanding access to the Brazilian market for international customers and links Itaú BBA to the extensive CQG network and the flow of global order to all financial markets worldwide.
Itau BBA is Latin America’s largest corporate investment bank and part of the ITAú Unibanco group, one of the largest economic groups in the world. CQG customers-owned commercial companies, professional asset managers and others in North America, Europe and Asia can now launch unhindered transactions in Brazil via Itaú BBA, utilizing the popular CQG Front-End solutions.
For FCM, the setting adds a specialized connectivity layer of the order and execution management (O/EMS) that completes its wider infrastructure. CQG offers sophisticated tools for executing transactions and multiple legs.
Rodrigo Ramos, Head of CQG Business Development – Latin America, said:
“This collaboration helps in the delicious worldwide range of CQG with local liquidation know -how and the scale of the Brazilian Bank and one of the largest financial institutions in the area.
Anderson Paes, head of electronic commercial services in ITAú BBA, said:
“By becoming a FCM affiliate on CQG, we are gaining access to the extensive customer base of the company that is already negotiating through the world platform of CQG.
Benjamin Soong, president of Asia -Pacific (APAC) in CQG, said:
“We are seeing significant demand from Asian customers – especially China – to negotiate Brazilian markets. This partnership is further expanding the CQG’s global network of brokers, offering more market access and new trading opportunities.”