Brazilian exchange BM&FBOVESPA has picked Swedish trading technology company Cinnober for a new clearing project. The project seeks to integrate the bourse’s post-trade environments covering all its markets. Cinnober will be integrating the exchange’s four clearinghouses and delivering a multi-asset clearing system built on TRADExpress RealTime, clearing equities, derivatives, government bonds and spot FX.
The exchange’s new unified multi-asset and multi-market risk management will employ multiple concurrent risk methods in real time. The project will be developed through the year 2012, and market testing and implementation is slated to begin in 2013.
Click here for the release from Cinnober.