Morgan Stanley has expanded its electronic trading services by launching cash equity trading for securities listed on the BM&F Bovespa Exchange in Brazil, through both direct market access (DMA) and algorithmic strategies.

Morgan Stanley Electronic Trading (MSET) service in Brazil includes a full suite of algorithms to trade equities, including VWAP, arrival price, TWAP, target percentage of volume, price react and close.

Morgan Stanley added that clients can access these algorithms through MSET’s Passport trading system, their own proprietary system or third-party order/execution management systems. In addition, MSET offers direct market access to the Bovespa via Passport or FIX connection.

MSET provides services from pre-trade analytics and execution, to post-trade execution performance analysis and commission management. MSET offers algorithmic trading suite and various direct market access (DMA) strategies, including its smart order routing technology and dark pool aggregator.

Andrew Silverman, managing director and co-head of MSET, said: “The expansion of our existing platform in Brazil underscores our commitment to the region and to arming our clients with the tools they need to navigate the Latin American marketplace.”