CMA and Deltix Deploy New Algo Suite for Trading South American Markets
Summary
NEW YORK--( BUSINESS WIRE )--Deltix, Inc., announces the production deployment of custom execution algos within CMA’s Platform for trading equities and futures on South American markets: Brazil’s Bovespa, BM&F; Colombia’s BVC and Peru’s BVL.The Black Box package includes VWAP, TWAP, Volume Participation, Basket, Best Offer and Multileg (pair trades, spreads, rations, long and short, skew, vol, etc.Alternatively, clients can create their own operating strategies (White Box package),” said Raphael Juan, Director of Markets at CMA.Wholly owned by employees, Deltix was founded in 2005 by a group of computer scientists and mathematicians with extensive expertise in sophisticated quantitative and event-driven solutions.CMA is a Brazilian multinational that, since 1973, has developed high technology solutions applied to the financial and commodity, educational, telecommunications and data center markets.
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