Itaú Unibanco Joins Charles River’s FIX Network

Brazil's Itaú Unibanco Asset Management has gone live on the Charles River FIX Network. Charles River Development's virtual private network will connect the firm to local sell-side brokers and global liquidity venues, according to vendor officials.

"Sell-side firms in Brazil are paying closer attention to domestic order flow, offering the buy side more sophisticated algorithms and execution tools," says Spiros Giannaros, vice president, Americas, for Charles River Development.

Itaú Unibanco, whi