Avelacom enhances its low latency service offering following authorization from the Brazilian Stock Exchange

Avelacom has expanded its low latency solutions portfolio by enabling access to the Brazilian Stock Exchange (B3), providing customers with a direct market access port to B3's matching engine.

Alexei Larichev

This development comes as Avelacom becomes an RCB (Rede de Comunicao B3 – B3 Communications Network) supplier.

Through RCB’s connectivity method, Avelacom gained access to all B3 markets, including equities, derivatives, digital assets and OTC. This also opens the door to post-trade and test exchange environments.

This initiative facilitates low-latency access to B3 for all exchange participants and extends exchange services to many additional global markets.

Aleksey Larichev, CEO of Avelacom, said: “Becoming an authorized party of the RCB allows us to provide more flexible and cost-effective solutions with diverse capacity options, helping financial businesses operate more efficiently.

Learn more: Avelacom unveils new low-latency routes connecting South Korea

Avelacom's network enables customers to test and trade B3 by receiving market data feeds and trading remotely as well as on-site without the need to be co-located in B3's data center.

Marcos Guimaraes, Avelacom's General Manager, Latin America, highlighted the importance of this milestone for the company: “With this development, B3 markets become available in all markets of Avelacom's global network. It also reduces the barrier of entry to the B3 market from abroad by facilitating access to the trading floor and reducing costs for local brokers and exchange participants.”

The move comes at a key time for Brazil, a market that has been receiving increasing attention in recent times as international clients turn to its financial markets.

A March report from Acuiti found that nearly 68% of proprietary trading firms plan to trade on new exchanges in 2024, with Brazil highlighted as a key area of ​​interest, along with Asia-Pacific.

Learn more: Two-thirds of prop trading firms plan to trade on new exchanges this year

The expansion into the market has been anticipated for some time and players have been closely monitoring its performance in recent times.

Speaking to The TRADE in October 2023, emerging markets expert Mark Mobius highlighted the significant potential for further research: We find the most profitable companies with great growth opportunities in Brazil, Taiwan, South Korea, Turkey and South Africa.

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