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XP Investimentos Provides Clients Global ULL Access to BM&F Bovespa with Perseus

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23 August 2013
United States

-        XP Investimentos connects with the Perseus ULL network for order routing to BM&F Bovespa

-        XP Investimentos choose RCB compliant Perseus network for sponsored international trading

SAO PAULO and NEW YORK – 28 August 2013 – Perseus Telecom, a leading provider of ultra-low latency, high capacity global networks today announced that XP Investimentos with offices in Sao Paulo and New York, has established an ON-NET presence on the Perseus Telecom global exchange network.

XP Investimentos is a market leading broker dealer and the largest independent broker dealer in Brazil. XP executes approximately seven percent of the Bovespa equity volume on a daily basis and is responsible for twenty percent of all options volume on the Bovespa. XP Investimentos is also the second largest Ibovespa futures broker on the BM&F making it a full service broker dealer in all Brazilian exchange securities.

The strategic network connection with Perseus allows XP Investimentos clients in the US, Europe and Asia to access Brazilian exchange market data and trade execution over the Global Telecoms Business Innovation Award winning link to Brazil.  An XP customer connects through sponsored access over the Perseus ultra low latency network with more than sixty global points-of-presence.

Perseus has operated the fastest market-to-market network connection between New York and Brazil from the datacenters of Nasdaq OMX and the BM&F Bovespa for almost two years while working tirelessly to enhance performance. Dozens of companies within financial markets including exchanges, banks, brokers, high frequency traders, market data and order management vendors have all found advantageous opportunities with accelerated speed over this unique Perseus network.

Customers have selected Perseus Telecom for the fastest connections from Chicago to New York, New York to Brazil, New York to London, London to Frankfurt and with other key market-to-market connections. Moreover, Perseus customers rely on best-in-class speed to market backed by a performance driven “Walk-Away” Service Level Agreement (SLA).

Brian Sweeney, Managing Director of XP Securities in New York, said, “the Brazilian trading market continues to expand its appeal around the world, making it more important for XP to offer simplified access to our customers and interested counter parties.”

Marcio Castro, Chief Information Officer of XP Investimentos and XP Securities added, “By having the Perseus connection in place, XP will provide clients with the option for the fastest sponsored access to the BM&F Bovespa from many points around the world.  Mr. Castro added, “XP chose Perseus because it is the fastest network between our two most important markets New York and Brazil. It is highly reliable and meets the RCB compliant features needed to move trades into the BM&F Bovespa exchange.”

Dr. Jock Percy, CEO of Perseus Telecom, commented, “Perseus has built a global network from market to market precisely for major market leading broker dealers such as XP Investimentos. We are very happy XP has chosen to allow its buy-side customer to connect with XP over Perseus, further bringing markets together regionally and internationally.”

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About XP Investimentos

Established in 2001, XP Investimentos is the largest independent broker in Brazil with over 120,000 clients. The company is based in Rio de Janeiro and has offices in São Paulo, Porto Alegre, Belo Horizonte and New York, represented by XP Securities. XP is present in all of the Brazilian states through its distribution network of 500 affiliated offices and 1,800 authorized advisors.   The XP business model is based on capital markets capabilities, broad retail distribution and a strong product platform for both institutional and individual clients. XP has made large investments finance education with more than 200,000 students in paid courses and offered more than 300,000 free lectures.

For more information about XP Investimentos, please visit www.xpi.com.br

PRESS CONTACT:

Brian Sweeney

+1(646) 664-0505

brian.sweeney@xpsecurities.com

About Perseus Telecom

Perseus Telecom is an award winning global facilities based licensed carrier of enterprise and telecommunications services with a focus on ultra-low latency connectivity. Perseus provides the fastest routes between New York and Brazil exchange markets and was recently awarded for QuanTA, the fastest trans-Atlantic route between New York and London. The company also operates the fastest route between London and Frankfurt over its high-tech wireless/microwave service as well.

For more information about Perseus, please visit www.perseustelecom.com or contact us at +1 (212) 300-6813 or sales@perseustelecom.com

PRESS CONTACT:

Dan Watkins

+1(347) 394-3068

marketing@perseustelecom.com

News article details

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In the News, Press Releases
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