Avenue Securities Enhances U.S. Brokerage to Brazilians with STT’s Trading Technology

Avenue Securities, a U.S. digital brokerage serving Brazilian retail investors, has leveraged trading technology provider Sterling Trading Tech (STT) to provide Brazilian investors with sophisticated trading tools and capabilities to trade U.S. markets.

Founded in 2018, the Miami-based broker has been focusing on investing abroad in Brazil and has grown to become the largest Brazilian broker-dealer in the US: more than 600,000 Brazilian investors trade through Avenue in the US.

The partnership with STT includes access to two of three product lines: Trading Platform (accessible via web and mobile), Order Management System (OMS), and Post-Trade Risk and Margin System.

Additionally, Avenue will be able to fully integrate U.S. equities into its back-end infrastructure for order routing and risk capabilities. The company announced the upcoming launch of options trading.

Avenue COO Alexandre Artmann said: “In order to unlock the full potential of the U.S. market for Brazilian investors, we knew we needed to find a fully integrated solution. Sterling’s cutting-edge technology and unrivaled reputation attracted us to this company, and we We are delighted that this partnership will take our U.S. equity offering to the next level.”

Andrew Actman, Managing Director of Business Development at STT, added: “We designed the Sterling ecosystem to cover the entire trade lifecycle. We are excited to help Avenue grow their business and invest in the full suite of solutions we need to fully participate in the US market. products provided by the company.”

Sterling’s products power many of the world’s leading brokers, clearing firms and investment managers. Its white label trading platform allows clients to create an ecosystem of integrated platforms tailored to their needs. Sterling OMS includes account management, extensive connectivity solutions, compliance checks and reporting in a highly scalable infrastructure. Sterling’s risk and margin solutions are a complete suite of cloud-based tools that monitor market and regulatory risk in real-time for simple and advanced portfolios. The company’s SaaS-based brokerage-neutral products cover U.S. equities, options and futures in the U.S., Canada, Brazil and Hong Kong.

STT provides trading platforms, OMSs, and risk and margin systems for the global stock, stock options and futures markets to more than 100 clients in more than 20 countries, including brokers, clearing firms and props groups.

Sterling adds FX and Crypto to its multi-asset risk coverage

Sterling recently added FX and Crypto to its risk and margin system to provide clients with a higher level of multi-asset risk coverage. Risk and Margin System (SRM) now offers advanced analytics as a RaaS (Risk as a Service) solution covering Forex, Crypto, Equities, Equity Options and Equity Futures markets for risk calculations.

SRM uses quantitative and big data technologies to manage risk and monitor margins in real time, calculating risk scenarios, stress tests, portfolio margins, risk-based deductions, maintenance margins and value at risk (VaR) for each account, the fintech firm Explained, being able to add and handle company-specific internal rules.

The risk and margin system provides specific functionality related to the new asset class, including:

  • Support foreign exchange spot, forward and swap transactions and positions in any currency pair;
  • Support for crypto, including crypto priced in any currency;
  • Risk aggregated by currency or digital asset, derived by extracting net currency exposure across all currency pairs and non-USD equities and crypto exchanges;
  • Ability to view balances by fiat and cryptocurrencies;
  • Risk shock analysis based on fixed percentage change and standard deviation change;
  • VaR analysis of multi-asset portfolios including stocks, fiat currencies and cryptocurrencies

In June, the company named industry veteran Jeff Marston as chief technology officer, who will manage overall technology strategy, oversee technology investments to help drive business growth, and oversee the development and delivery of technology solutions for customers.

The hiring follows STT’s recent enhancements to its OMS, including fractional shares functionality that facilitates retail and crypto trading, and a new risk-based rules engine that provides broker-dealers and their traders with more Lots of power and flexibility.

Earlier this month, Sterling named industry veteran W. Brennan Carley to its board of directors. His career includes senior positions at Refinitiv, Instinet and NYFIX, and board positions at fintech companies such as Yipes and Marketcetera.

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