BTG is the top local broker in Latin America, according to Extel’s annual ranking.

The domestic firm with deep ties to the region earned first places positions in Argentina,

Brazil, Chile, Mexico and the North Andean Countries in Extel’s 2026 Latin America Local Broker results.

In the overall leaderboard, Itaú BBA—which tied for first place in the Latin America equity research team survey—took second place followed by J.P. Morgan in third. Bradesco BBI placed fourth, and BofA Securities rounded out the top five.