Cetip of Brazil selects ePit for new MBS marketplace

Cetip of Brazil selects ePit for new MBS marketplace

Brazillian exchange and clearing operator Cetip, has selected ePit Systems to provide the technical backbone for a new generation of electronic marketplaces.

Cetip is to implement ePit's Enterprise Exchange Server (EES) product to initially support an auction-style primary market for mortgage-backed securities (MBS), in addition to a continuous-style secondary market for MBS securities.

Rogerio Martins, director of business development at Cetip says the selection of ePit offers flexibility in the face of a rapidly changing industry. "Now Cetip can deploy T+0 solutions with aggressive timelines and customise exchange solutions to meet specific trading policies and procedures," he states.

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