June 6 (Bloomberg) -- Deutsche Bank AG will offer two algorithmic trading products for Brazilian stocks as brokerages expand in Latin America’s biggest equity market.
Deutsche Bank may offer one of the products in other countries in the region, the company said in a statement today.
Citigroup Inc. began offering algorithmic trading in Brazil in March, following Goldman Sachs Group Inc. last year and UBS AG and Bank of America Corp. in 2009. Algorithmic, or high-frequency, trading uses computers to analyze market conditions to determine how much of a stock or derivative to buy and when.
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