Keeping Up with the Co-Los

I'd heard plenty of anecdotes about the rising popularity of algo trading in Brazil from vendors such as Apama and Xenomorph that serve clients in that market, but was still taken aback by the exchange's growth figures from July to August.

In July, the exchange's BM&F market matched 17,520 contracts traded via a total of 1,333 trades using DMA via co-location. Compare that with August, which saw BM&F trade 53,410

contracts via a total of 5,645 trades. It wasn't just the threefold increase in contr