Bank of America Merrill Lynch has launched its algorithmic trading platform in Brazil.

The new offering aims to meet client demand for more sophisticated trading products for Brazil's Bovespa exchange. The algorithmic trading platform features several of Bank of America Merrill Lynch's algorithms such as implementation shortfall and VWAP.

Steve Schneider, head of Latin America Equities at Bank of America Merrill Lynch, said in a statement, "Interest and liquidity in Brazilian stocks have risen significantly this year and as a result our international investor clients are asking for more sophisticated trading tools to access this market. We are also seeing increasing demand from our local high-touch trading clients, many of whom are now looking forward to using these new trading tools in Brazil."

Since the two firms came together earlier this year the combined algorithmic trading offering has been adapted for use in more than 30 countries.