This content is from: Innovation

Brazil Bourse To Combine Clearinghouses

BM&FBovespa, Brazil’s exchange operator, said it plans to combine its stocks, derivatives, fx and government-bond clearinghouses into one, to help cut trading and custody costs, reports Reuters.

BM&FBovespa, Brazil’s exchange operator, said it plans to combine its stocks, derivatives, fx and government-bond clearinghouses into one, to help cut trading and custody costs. Luis Antonio Barron Guerra Vicente, head of risk management at BM&FBovespa, said the move may be completed by early 2012.

Click here to read the story from Reuters

Related Content