Brazillian exchange and clearing operator Cetip, has gone live with a new electronic marketplace for mortgage-backed securities (MBS), powered by ePit Systems.
Following a deal first reported in August last year, Cetip has implemented ePIT's Enterprise Exchange Server platform to support an auction-style primary market for MBS, in addition to a continuous-style secondary market for MBS securities.
Rogerio Martins, director of business development at Cetip, comments: "By successfully complimenting systems developed in-house at Cetip with ePIT software solutions, Cetip is positioned to rapidly meet any trading need, product, or trading style."