Itaú BBA rises one rung to take top honors on Institutional Investor’s second annual All-Brazil Trading Team, bumping last year’s winner, BTG Pactual, down one notch to second place. The remaining firms in the top five — Credit Suisse, J.P. Morgan and Bank of America Merrill Lynch — hold the same positions as last year: third, fourth and fifth place, respectively.
Bradesco Corretora is the year’s biggest upward mover, leaping from No. 9 to No. 6, while UBS is the sole newcomer, debuting in tenth place.
II asked participants in the All-Brazil Research Team survey to tell us which firms field that country’s best sales teams and to rank the brokerages they use on the quality of trading services provides. Responses to the former question are tabulated to produce the All-Brazil Sales Team.
The 2013 All-Brazil Trading Team is based on responses from 350 investment professionals at nearly 220 institutions that collectively manage some $160.8 billion in Brazilian equities. Roughly 60 percent of the people who cast votes in the broader research survey, representing 71 percent of the participating buy-side firms, answered our question about trading services.