CQG, a global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, has announced that Brazilian bank Itaú BBA is its newest futures commission merchant (FCM) collaborator in Brazil.
The collaboration, already in effect, expands access to the Brazilian market for international clients and connects Itaú BBA to CQG’s extensive network and global order flow across financial markets worldwide.
Itaú BBA is Latin America’s largest corporate investment bank and part of the Itaú Unibanco group, one of the world’s largest financial conglomerates. CQG clients – proprietary trading firms, professional asset managers and others – in North America, Europe and Asia can now seamlessly route trades into Brazil via Itaú BBA, leveraging CQG’s popular front-end solutions, APIs and advanced trading tools.
For the FCM, the arrangement adds a specialized order and execution management system (O/EMS) connectivity layer that complements its broader infrastructure. CQG offers sophisticated tools for algorithmic trading and multi-leg spread trading execution.
Rodrigo Ramos, CQG Head of Business Development – Latin America, said:
“This partnership helps bridge CQG’s global reach with local clearing expertise and scale of Brazil’s leading bank and one of the region’s largest financial institutions. Our partnership signals momentum for the Brazilian market, bringing new flow to the derivatives market and opening doors for further collaboration between global infrastructure firms like CQG and local companies.”
Anderson Paes, Head of Electronic Trading Services at Itaú BBA, stated:
“By becoming an FCM partner to CQG, we gain access to the firm’s extensive client base already trading through CQG’s global platform. It’s a meaningful addition to our service offering for institutional clients, providing new, advanced trading tools and algo-enabled front ends.”
Benjamin Soong, President of Asia Pacific (APAC) at CQG, said:
“We’re seeing significant demand from clients in Asia – especially China – for trading in Brazilian markets. This partnership further expands CQG’s global broker network, offering greater market access and new trading opportunities.”
