22 October 2017
Register now

Bats inks MoU with Brazil's Claritas

15 February 2011  |  2923 views  |  0 Source: Bats Global Markets

Bats Global Markets (BATS), a global stock exchange operator, today announced it signed a Memorandum of Understanding (MOU) with Claritas, a Brazilian asset management firm, to explore opportunities in the Brazilian market.

Under the MOU, the organizations will work together on the potential creation of a new stock exchange with clearing and depository services in Brazil.

"Today's announcement serves as an important initial step in exploring the unique opportunity that exists in the Brazilian market, which has many of the same frictions we've witnessed and overcome in the U.S. and Europe," said Ken Conklin, senior vice president of business development and marketing at BATS Global Markets. "We're pleased to partner with Claritas and FreitasLeite, two leading organizations that understand the needs of the Brazilian marketplace, to further investigate the opportunity."

Carlos Ambrósio, senior partner at Claritas, said, "After thoroughly analyzing the benefits of competition in exchange, clearing and depository services, we are very pleased to have identified BATS as the perfect partner for this challenge. The Brazilian capital markets are ready for access to the best technology in the world, and there is certainly no one better than BATS for the job."

Freitas e Leite Advogados (FreitasLeite), a Brazilian law firm specializing in financial and capital markets, was retained for local legal expertise.

 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.com visit www.innotribe.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
10437 views comments | 22 tweets | 26 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
9934 views comments | 17 tweets | 24 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9048 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8123 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7895 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job