Country Profile: Brazil

Brazil is one of the most recognizable countries on the world map. Known for its major rivers, rain forests and soccer stadiums, Brazil is also a leading financial market, and the world’s 10th largest economy.

Charles River Development has served clients in Brazil since 2005. Its growing client base includes three of Brazil’s top 10 asset managers and the country’s leading fund administrator, as well as global investment firms establishing their footprint in the region.  In January, Charles River expanded its regional presence in Sao Paolo. Experienced, multi-lingual Charles River employees provide on-the-ground implementation, consulting and supports services for clients and prospects.  According to Tom Driscoll, Managing Director, Global, Charles River’s expansion in Brazil reflects the country’s changing regulatory climate.

“Heavy regulation in Brazil traditionally limited investment to domestic securities,” said Driscoll. “Now, more relaxed rules towards international investments, such as the 2009 regulation from Brazil’s Comissão de Valores Mobiliários, have increased buy-side demand for front- to middle-office systems that automate both domestic and international investment operations. Brazilian firms are quickly realizing that manual processes and homegrown solutions simply cannot support multiple asset classes or new regulations.”

Given the changing regulatory environment, buy-side firms throughout Latin America are seeking international liquidity, competitive market quotes and best execution. The result is growing interest in global, real-time electronic trading via FIX (Financial Information eXchange) – with Brazilian firms taking the lead in FIX adoption, infrastructure investment and demand for new trading tools. 

“Our broker-neutral Charles River FIX Network is fully integrated with the Charles River Investment Management System – consolidating order and execution management functionality while providing instant access to hundreds of preferred global trading venues,” said Driscoll. “Smaller firms, or those in remote locations, can access the Charles River Network through the internet, using our secure, low-cost Virtual Private Network (VPN) capability option.” 

For more information about Charles River’s products and services in Latin America, please contact Alfredo Milera, Sales Engineer, LATAM, +1 339 234 1936, or AlfredoMilera@crd.com.

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