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BM&FBOVESPA's New Communication Interface With Mega Bolsa Performs up to Tenfold Faster Than the Current System
Jan 29, 2010 (02:01 PM EST)

SAO PAULO, Jan. 29 /PRNewswire-FirstCall/ -- As of April 20, 2010, the 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 April 20, both systems will run simultaneously.

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.


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 Latin America. The Exchange features a vertically integrated 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.

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