Submarine fiber optic cable systems operator Seabras 1 Brasil (Seaborn) announced its network has been approved to provide connectivity to the Brazilain Stock Exchange (B3, enhancing the financial services market in Brazil.
Seaborn said in a statement that it will provide connectivity through the stock exchange's high-performance RCB communications network, which enables distributors to have direct access to trading, market data and bank systems.
The company stated the connection to Seaborn’s optical network, which has high reliability and availability, will provide financial market customers with an excellent alternative to use the RCB network.
"The combination of our capital markets services with those of Seaborn, now an RCB provider certified by B3, will leverage our plans to achieve the best possible quality in the delivery of critical connectivity services to trading and post-trade platforms for our customers”, said Alexandre Jahnecke, IT Products, and Market Data Superintendent at B3.
“Our network infrastructure combined with our agility in activating the RCB connectivity services and our ultra-low latency products, specific to the financial market that connects São Paulo to New York, is an important differentiator for participants who intend to establish connectivity with B3”, added Michel Marcelino, Senior Vice President and Head of Seaborn for Latin America.