Brokerage group ATFX announced on Friday that it has added Nelogica’s BlackArrow trading platform to its offering.
The integration means that clients can trade with ATFX by using the BlackArrow platform. The platform has multi-asset functionality, meaning traders can access the full suite of products that ATFX provides to clients.
Nelogica is a Brazilian company and, although it appears to have a strong footprint outside of the country, Brazil also seems to be its primary market.
The company has a huge social media following. For example, its Portuguese language YouTube channel has almost half a million subscribers.
The company claims that it 8/10 active traders in Latin America trade using BlackArrow.
The platform was released in 2023, although Nelogica itself was founded in 2003 and has been making trading technology since then.
Latin America has become one of the key markets that brokers are focusing on. Given its huge population and the size of its economy, Brazil has been one of the main markets companies are focused on.
However, there are lots of other countries that brokers are trying to do business in. For example, earlier this week XTB announced that it had acquired a license in Chile.