BM&FBovespa to Study Shared Clearing No Sooner Than End 2014
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BM&FBovespa SA, the operator of Latin America’s biggest securities exchange, will study sharing its clearinghouse with other trading platforms no earlier than the end of 2014, Chief Executive Officer Edemir Pinto said.
His comments call into question plans by Rio de Janeiro-based Americas Trading Group and NYSE Euronext to create a platform for buying and selling stocks within the next year. Dominique Cerutti, New York-based NYSE Euronext’s president, told reporters Nov. 5. the partnership would seek to implement a system under which BM&FBovespa would clear shares.