Thursday September 5 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
It has been reported that the Americas Trading Group (ATG) has partnered with Brazil-based Risk Office to build out clearing functions ahead of its 2014 launch of ATS Brasil.
ATS Brasil, a new equities matching platform initially announced in November 2012 by ATG and partner NYSE Euronext, will be the first to compete with the BM&F Bovespa. The venture with Risk Office will provide a full range of clearing and settlement services in support of the new venue, which applied for authorization from Brazil`s Securities and Exchange Commission (CVM) last June.
This information will be updated as soon as further details become available.