UBS AG (UBS) said that its global Equities business has launched algorithmic trading for international clients trading equities on the Bovespa stock exchange in Brazil.
UBS noted that it is among the first broker-dealers to offer non-Brazilian clients algorithmic trading in this major market.
UBS is launching this offering for international clients who trade Brazilian securities with three popular algorithms including Volume Weighted Average Price, Time Weighted Average Price, and Volume Inline, a strategy that enables an investor to execute an order correlated to available liquidity.
Execution algorithms are complex quantitative electronic trading formulae that clients can use to manage and tailor their equities orders. UBS clients can use these algorithmic trading strategies to quickly and efficiently send their electronic orders directly to the Bovespa, without passing them through an intermediary.
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