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Latin America Trading Team

Ranking Overview Methodology

BTG Pactual remains on top in Latin American trading and execution.

The firm extended its reign for a third year in Institutional Investor’s Latin America Trading Team, based on the opinions of 120 buy-side traders and money management professionals with investments in the region’s equities.

The firm was voted No. 1 in overall trading and execution and once again also topped the additional three categories: electronic trading, portfolio/program trading, and high-touch sales trading.

This was no easy feat amid another volatile year that included election cycles in Brazil and Colombia, high interest rates, and record local fund redemptions. Brokers in the region had to deploy various strategies to help their clients navigate the region.

“Presidential elections will always bring extra volatility to the markets and last year was no different with events in Brazil and Colombia,” said Guilherme Martins, global of head sales and trading at BTG Pactual. “As usual Brazil was the focus and the change in government and high interest rates led to record levels of redemptions in the local fund industry. As a broker in that scenario our mission was trying to minimize slippage for our clients, providing natural liquidity either using our local reach or taking advantage of our new suite of algos.”

2023 Latin America Trading & Execution Teams

For the 2023 Latin America Trading & Execution 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 in 4 categories for trading and execution. We received responses from 120 individuals at 110 firms.

The attribute scores were aggregated and weighted by the responding firm’s Latin America commission range to create the overall Latin America Trading & Execution Leaders.

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