A difficult year was not without its silver linings for the top trading team in Latin America.
“It was indeed a challenging year for all markets and Latin America was not different,” said Guilherme Martins, global of head sales and trading at BTG Pactual. “However, we managed to have a stellar year, helped by historically low rates as a catalyst for volumes but also great primary activity: IPOs, follow-ons, as well as M&A activity involving listed companies.”
Another highlight, according to Martins, was the growth in the number and size of local funds in the region. “Today, we can easily price deals with local demand only, something unimaginable two to three years ago,” he said.
BTG Pactual navigated these obstacles and opportunities and was recognized by its clients with the No. 1 ranking in Institutional Investor’s 2021 Latin America Trading Team survey.
For the Latin America Trading Team, Institutional Investor polled buy-side traders and other investment professionals at asset management firms with investments in Latin America equities, asking them to rate brokers on various attributes for trading and execution. We received responses from 70 individuals traders at 61 firms.
The attribute scores were aggregated and weighted by the responding firm’s Latin America commission range to produce the overall Latin America Trading Leaders.