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Latin America Trading Team

Ranking Overview Methodology

It’s a clean sweep for BTG Pactual. 

The firm once again topped Institutional Investor’s Latin America Trading Team, based on the votes of buy-side traders and investment professionals with investments in Latin America equities.

Respondents were asked to rate brokers in four categories: overall trading and execution, electronic trading, portfolio/program trading, and high-touch sales trading. BTG Pactual improved its standings from last year to capture No. 1 in each of these.

And it accomplished this feat during another volatile year, according to Guilherme Martins, global of head sales and trading at BTG Pactual. “We can split last year into two parts,” he said. “First semester started strong, driven by equity capital markets activity and strong volumes. Then, more recently, we’ve seen volumes subsiding with declining risk appetite for equities.”      

Last year was a challenging one, especially in the second half when local funds in the region faced redemptions and international accounts dealt with global uncertainties. “Nonetheless, we managed to gain market share given our capillarity and local reach,” he added. 

The shockwaves were felt further down the leaderboard of the trading rankings, with many of the global firms from last year ceding their spots to domestic players...

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For the 2022 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 44 individuals at 43 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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