News

Our latest news, market insight and resources

TIM expands into Latin America

12th October 2012

LONDON, 12th October, 2012 – TIM Group have announced the expansion of their TIM Ideas network into Latin America.

TIM Ideas, the trade idea network, is expanding its sevice to Latin American sell and buy-side firms, particularly in Brazil, where BM&FBOVESPA, the third largest exchange in the world in terms of market value, recently reported record trading volumes.

TIM Group’s TIM Ideas web-based platform enables equity research sales and sales specialists to send client specific long or short term trading ideas to clients around the world. Fundamental and quantitative investors use TIM Ideas to capture, track and monetise these ideas as a new source of alpha and as an objective analysis tool for the allocation of commissions.

TIM Group’s effort is focused at helping Latin American based brokerage and money management firms set up their own trade idea programs. Latin America would be the fifth major TIM Ideas market. Starting in London in the mid-2000s, TIM Ideas is now used by more than 600 sell and buy-side firms in North America, UK, Europe and Asia.

David Allen, TIM Group’s General Manager, Americas, said brokerage firms are already developing and distributing recommendations on TIM Ideas on Latin American stocks. So far this year, 74% of these ideas have been on Brazilian stocks, 14% on Chilean stocks, and 12% on Mexican stocks.

“Buy side firms that use TIM Ideas are willing to pay real commission dollars for great ideas on Latin American stocks,” said Mr. Allen.

In early August, BM&FBOVESPA reported record volumes of 812,151 average trades a day for the second quarter of 2012, up 61% from the year ago period and up 9% from the first quarter of 2012.

About TIM Group

TIM Group provides alpha generating information technology, consulting and services to the financial services industry. The company’s focus is on helping buy and sell-side firms and administrators maximize their intellectual property to generate more revenue. Please visit the company’s website at timgroup.com.

Contact

Natalie Hall, Marketing Manager, TIM Group, at +44 (0) 20 7826 4308 or natalie.hall@timgroup.com

Michael Shallo, Anreder & Co., at +1 (212) 532 3232 or Michael.shallo@anreder.com