MarketAxess, a US operator of corporate and government bond trading platforms, has won approval to trade Brazil’s local currency debt as the Latin American country’s high yields and attractive growth prospects lure more investors, it was reported by the Financial Times. Similarly, The Speed Traders Workshop 2012 Sao Paulo: How High Frequency Traders Leverage Profitable Strategies to Find Alpha in Equities, Options, Futures and FX, February 1st, BM&FBovespa, led by Mr. Edgar Perez, Adjunct Professor at the Polytechnic Institute of New York University, is gaining the approval of the Brazilian trading community, less than a couple of weeks before the this unique seminar. The Nasdaq-listed platform said on Thursday it had received authorisation from Brazil’s central bank and securities commission, CVM, to offer electronic trading of government and corporate debt denominated in reals. “We believe access into this marketplace represents an important development for our emerging market clients, eager to participate in one of the world’s fastest growing local currency debt markets,” said Kevin McPherson, MarketAxess’s head of sales. “We currently have 10 dealers prepared to provide liquidity in Brazilian local currency bonds on the platform and expect that number to grow,” he said, adding that he had seen strong interest from Europe and North America. MarketAxess is preparing to become a “swap execution facility”, a category of trading venue under debate by US regulators that would serve as a neutral site for over-the-counter derivatives trades in the US. The market for local currency debt in Brazil is expected to continue to grow as the nation’s companies look for alternative sources of funding, especially given the underperformance of the domestic equity market. According to Dealogic, issuance in Brazil’s domestic corporate debt market hit an all-time high in 2011, increasing 16 per cent to $9.4bn. Steady economic growth of about 3 per cent last year, a rapidly expanding middle class, political stability and the prospect of further upgrades by rating agencies has made Brazilian debt increasingly desirable. With Brazil’s benchmark interest rate still above 10 per cent, even after Wednesday’s 50 basis point cut, the bond market offers investors some of the highest yields in emerging markets. The Speed Traders Workshop 2012 Sao Paulo will reveal how high-frequency trading players are succeeding in the global markets and driving the development of algorithmic trading at breakneck speeds from the U.S. and Europe to India, Singapore and Brazil. The Speed Traders Workshop 2012 Sao Paulo kicks off a series of presentations in the world’s most important financial centers: Dubai, January 25; Seoul, South Korea, March 28; Kuala Lumpur, Malaysia, April 11; Warsaw, Poland, May 11; Kiev, Ukraine, May 18; Singapore, May 26; Shanghai, China, June 6; Jakarta, Indonesia, June 13; Mexico City, Mexico, July 27; Hong Kong, August 4, and Moscow, Russia, August 10.
Mr. Perez is widely regarded as the preeminent speaker and networker in the specialized area of high-frequency trading. He has been featured on CNBC Cash Flow (with Oriel Morrison), CNBC Squawk Box (with Geoff Cutmore), BNN Business Day (with Kim Parlee), TheStreet.com (with Gregg Greenberg), Channel NewsAsia Asia Business Tonight and Cents & Sensibilities (with Lin Xue Ling), NHK World, iMoney Hong Kong, Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Los Angeles Times, TODAY Online, Oriental Daily News and Business Times. He has been engaged as speaker at Harvard Business School’s 17th Annual Venture Capital & Private Equity Conference, High-Frequency Trading Leaders Forum 2011 (New York, Chicago, Hong Kong, Sao Paulo, Singapore), CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University (New York), Global Growth Markets Forum (London), Technical Analysis Society (Singapore), TradeTech Asia (Singapore), FIXGlobal Face2Face (Seoul), and 2nd Private Equity Convention Russia, CIS & Eurasia (London), among other global forums.
Mr. Perez is one of the great business networkers and motivators on the lecture circuit; he is available worldwide for the following speaking engagements: Present and Future of High-Frequency Trading, The Real Story behind the "Flash Crash", Networking for Financial Executives, and Business Networking for Success.