News Releases

 
ATS Brasil Files for Launch with CVM
- Announces Alan Gandelman as CEO of ATS Brasil
- Powered by NYSE Technologies’ Universal Trading Platform

Rio de Janeiro and New York, June 19, 2013 - Americas Trading System Brasil (ATS Brasil), a joint-venture between Americas Trading Group (ATG) and NYSE Euronext, has formally made yesterday (18/6) an authorization request with the Securities and Exchange Commission (CVM)in Brazil to launch as a new stock exchange in the Brazilian market.   The formal request to approve ATS Brasil for trading in 2014 also includes provisions for the admission of new liquidity providers to the joint venture.

Additionally, experienced Latin American industry veteran Alan Gandelman has been announced as CEO of ATS Brasil.  He will be responsible for leading the launch of the exchange as well as its development and strategic direction.  ATG holds the controlling interest and operational management of ATS Brasil while NYSE Euronext has a minority interest in the company. ATS Brasil will operate using trading solutions developed and installed by NYSE Technologies, the technology unit of NYSE Euronext.

“The entry of ATS Brasil will be very positive for the evolution of the Brazilian stock market by adding another important trading platform to the region that will encourage growth and increase access to our markets,” states Alan Gandelman, CEO of ATS Brasil. “The entry of ATS Brasil would represent a new cycle in the Brazilian exchange market offering greater innovation, liquidity and trading activity.   It is intended to support meaningful cost reduction while offering significant efficiency gains to investors, further positioning Brazil amongst the world’s most attractive markets.”

NYSE Technologies has already completed the customization of the core trading technology for ATS Brasil and is now testing the platform functionality and global connectivity capabilities.  ATS Brasil is built on the Universal Trading Platform (UTP), a world-class trading engine used by NYSE Euronext’s stock and derivatives exchanges worldwide.

“Now in the testing phase for ATS Brasil, the Universal Trading Platform has been optimized to meet the specific needs of the Brazilian marketplace, its market participants and future global customers. This proven trading technology will provide a high quality trading experience with exceptional performance and reliability, which are key features of NYSE Euronext’s trading platforms trusted by firms around the world.  We believe that ATS Brasil will be well received by Brazilian market participants and will offer more choice, liquidity and global access to customers trading in Brazil,” said Martin Koopman, Senior Vice President, NYSE Euronext and ATS Brasil Board Director.

ATS Brasil Board Director and ATG’s COO Arthur Pinheiro Machado, explains that ATS Brasil will operate in the market as a new stock exchange focused on the trading of equities and it may expand to other products in the future.

“This new stock exchange is a natural evolution of the market.   Since the announcement of the formation of ATS Brasil, we have had great acceptance and interest from many institutions andwe believe that the Brazilian market has enormous development potential.  Our goal is to increase the number of national and international stakeholders, as well as facilitate more growth in order flow.”

ATS Brasil is scheduled to begin operations in 2014, pending the approval of Brazilian regulatory authorities.

Alan Gandelman
Considered one of the most experienced executives in Latin America – Mr. Gandelman was ICAP’s president for five years where he launched totally greenfield ICAP Brasil, today one of ICAP´s biggest global centers. Prior to that, he served as Ágora’s managing partner in addition to having worked in New York at Bear Sterns and Goldman Sachs. He is well acquainted with the global capital market system and is an expert in Latin American trading. Among other activities, he was a member to Bovespa’s Board of Directors (prior to the unification of BM&F and Bovespa), president of the International Affairs Commission, president of the Bovespa Future’s Index Chamber at BM&F, and, after the merger, the president of BM&FBovespa’s Equities and Equity Derivatives Chamber.

 

About ATG
The experience and knowledge obtained on brokerage and electronic trading industry resulted in the creation of Americas Trading Group (ATG), a company specialized in Electronic Trading that offers a multibroker platform of products and services for order execution in the key markets of the Americas – Brazil, USA, México, Chile, Colombia, Peru and Argentina.  ATG is a high-performance liquidity center, broker-neutral, which consolidates and manages connections between brokerage houses, end customers and stock exchanges in Latin America.  The principles of capillarity, high availability and high performance summarize its broad network connectivity. With the purpose of providing its clients with state-of-the-art electronic execution technology, ATG enables them to connect directly to global exchanges via DMA2, also providing a wide range of products, services and solutions through the Electronic Trading platform.

The company offers Buy and Sell Sides customers full hosting support, aiming for the best execution of their orders, also enabling the outsourcing of their entire infrastructure.  The mutibroker platform developed by ATG allows the use of algorithms and robots for best order execution.  ATG started a partnership with NYSE Technologies in 2011 to provide stock exchange market technology in Latin America, which evolved into the creation of a Liquidity Hub for the whole Latam. In 2012, ATG and NYSE Euronext announced their plans to create a new stock exchange / over-the-counter trading platform for Brazilian stocks, called ATS Brasil, with the objective to attract liquidity in the country.  For further information, visit: www.americastg.com.

About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com.

 

 

For further information:

A4 Comunicação
Paulo Figueiredo
Phone: +55 (11) 38974122
Email:
paulofigueiredo@a4com.com.br

NYSE Euronext
Eric Ryan
Phone: 212.656.2411
Email:  eryan@nyx.com