BM&FBOVESPA’s single-platform clearinghouse begins operations

By Beth Shah
19 Aug 2014

BM&FBOVESPA, Brazil’s sole bourse, has unified its four clearinghouses for different asset classes into one single platform, which began live operations Monday for exchange-traded and over-the-counter derivatives. The firm will now look to launch equities in 2015.

“Sometimes the market goes for several years without any changes. In this case we’ll leap forward several years in a single day,” said Edemir Pinto, ceo, in a statement. “The single clearinghouse and [closeout risk evaluation] represent a revolution in modernity, security and efficiency in central counterparty and ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial