Bovespa Challenger Plots Clearinghouse

Bovespa Challenger Plots Clearinghouse

Brazil Equity

Americas Trading Group (ATG) has joined with risk manager Risk Office to create a new clearinghouse in Brazil, ATG says, a step in ATG’s plan to launch a second Brazilian stock exchange next year. The pair’s joint venture will provide the full range of clearing and settlement services for transactions. The lack of access to such a platform was seen as a potential obstacle to the creation of another exchange. ATG and NYSE Euronext announced plans last year for the exchange, to be called ATS Brasi

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