DriveWealth, a leading digital trading technology firm based in New Jersey, United States, has partnered with Miami-based online brokerage Avenue Securities, which provides easy access to mostly Brazilian retail investors interested in securities traded on U.S. exchanges.
DriveWealth CEO Robert Cortright, commented: “We are proud to work with Roberto Lee and Avenue Securities.Supporting this type of product, which will make U.S. stocks and ETFs available to Brazilian investors of any size, is at the heart of the mission of our company. Given Roberto’s impressive record of innovation and success in Brazil, we are confident that this partnership will have a major impact in that market.”
Roberto Lee, founder and CEO of Avenue Securities, said: “Our mission is to bring U.S. equities – the world’s largest stock market – to Brazilian investors, regardless of size, and eliminate the bureaucracy that traditionally has hampered access to this market. DriveWealth’s real-time fractional share trading capability will allow our customers to own stock in the brands they know and use every day.”
In April 2018, Avenue Securities raised $7 billion from a number of industry leading investors in Brazil, including Patrick Ogrady, Alexandre Aoude, and Paulo Lemman.
DriveWealth is a clearing firm providing access to U.S. securities. The company has developed a proprietary ecosystem powered by licenses to clear fractional-share orders. Partners around the world and hundreds of thousands of clients have access to invest in a highly stable, liquid, and regulated financial system.
About DriveWealth : Drive Wealth’s platform provides a modern suite of APIs that enable the creation of innovative financial experiences in communities where new investors can be reached. They handle the complexity of brokerage while clients leverage their infrastructure to create a friction less investing experience for the clients they serve.Built by an experienced team of both financial and non-financial developers, their APIs combine modern application technologies with their vision of rethinking how brokerage operates.
About Avenue Securities : Avenue Securities is an American Broker Dealer made by Brazilian Executives. Their mission is to include Latin American investor in the USA Equity markets.