Edgewater Markets Strengthens Latin America Presence with New Office in Brazil

Edgewater Markets, a provider of electronic forex workflow management, specializing in FX trade execution and liquidity aggregation, has announced the opening of a new office in São Paulo, Brazil to strengthen its presence in Latin America. Charles Achoa, who joined the company last October, will lead the new office.

Headquartered in the United States, the company also has offices in the United Kingdom, Singapore, Mexico, and Chile.

According to the company's official press release, the new office was launched as its offerings have seen growing interest from Brazilian financial institutions.

"Brazil is a tremendous market for us, and one of the fastest-growing participants in currency trading globally," said Managing Director and Head of Sales, Americas, Jose-Antonio Buenaño. "Edgewater believes strongly in 'boots on the ground,' where our uniquely experienced FX professionals, armed with unparalleled local knowledge, are closest to the markets, developments and players. With our significant and growing client base in Brazil, we're excited to have São Paulo join our offices in Santiago, Mexico City."

"We're excited to be contributing to the growth and development of FX in Latin America, helping domestic markets expand their reach into the global institutional buy-side and sell-side trading communities," said Brian Andreyko, Chief Product Officer at Edgewater. "Around the world, our approach is not to just sell technology but to truly partner with our clients, ultimately increasing revenue per trade and local market share, and expanding relationships in the FX and commodity markets. Our extensive new hires around the world are now enabling traders and investors to 'follow the sun' as never before, while compressing execution costs and maximizing the ability to reach onshore liquidity and inventory."