BM&FBOVESPA’s new communication interface with Mega Bolsa performs up to tenfold faster than the current system

BM&FBOVESPA’s new communication interface with Mega Bolsa performs up to tenfold faster than the current system

29/01/10

As of April 20, 2010, the Mega Direct, a new electronic communication interface, will become the only form of access for all automatic Direct Market Access (DMA) connections to the Mega Bolsa, the Brazilian Securities, Commodities and Futures Exchange’s (BM&FBOVESPA) equities segment trading platform.

The tool enables the insertion, modification, and cancelation of offers placed on the Mega Bolsa system. The new interface performs up to tenfold faster than the current system and allows a greater capacity of data processing. The MegaDirect will replace the Multigateway, the previous interface. Until April 20, both systems will run simultaneously.

These improvements are the result of the use of more modern technology and a direct connection to the system’s matching engine, thus reducing the steps between the forwarding of orders and their arrival on .

The MegaDirect will use the FIX 4.2 protocol, an international communication standard used by the financial market, for the development of trading systems and order routing.

With the implementation of MegaDirect, brokerage houses will also be able to use trading screens from companies authorized by BM&FBOVESPA. In the past, the system allowed only the use of Mega Bolsa trading screens.