SOURCE: Institutional Investor

Institutional Investor

August 09, 2012 09:05 ET

Institutional Investor Dubs BTG Pactual Latin America's Best Brokerage

LarrainVial Corredora Is No. 1 in Chile in New Ranking

NEW YORK, NY--(Marketwire - Aug 9, 2012) - BTG Pactual wins the top spot on Institutional Investor's inaugural ranking of Latin America's Best Brokerages. In the magazine's three surveys that measure performance in the region, the Brazil-based firm ranks first in research, second in sales and fourth in trading services, giving it a cumulative score across all three platforms that trumps its rivals'.

Complete survey results can be found at

Two U.S.-based outfits tie for second place: Bank of America Merrill Lynch (first in trading services, second in research and fifth in sales) and J.P. Morgan (No. 2 in trading services, and No. 3 in research and in sales).

Fifteen institutions were deemed eligible for best-brokerage consideration. We reranked these 15 in each of the components -- research, sales and trading -- totaled the ranks to determine an overall score for each firm, then ranked them in inverse order on the basis of these scores; the lower the score, the higher the position in the brokerage ranking.

When these totals are further screened by the country in which each firm is based, BTG Pactual wins another title -- Brazil's Best Brokerage -- and LarrainVial Corredora de Bolsa is deemed Chile's Best Brokerage. For the purposes of this ranking, global banks headquartered outside Latin America are considered domiciled in the country in which their primary Latin American operations are based.

Latin America's Best Brokerages is based on results of the 2012 Latin America Research Team survey, which reflects the opinions of nearly 800 individuals at 400 institutions that manage an estimated $397.7 billion in Latin America equities and $162 billion in fixed-income; the Latin America Sales Team, which is based on responses from participants at 86 percent of those institutions; and the Latin America Trading Team, based on responses from individuals at 69 percent of those firms.

For more information contact Alyssa Walker at or (212) 224-3677.

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