22 March 2018
visit www.nextgenbanking.co.uk

Bats inks MoU with Brazil's Claritas

15 February 2011  |  2932 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.comVisit http://info.nice.comvisit www.ebaday.com

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
13654 views 0 | 6 tweets | 4 linkedin
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
11039 views comments | 32 tweets | 40 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
10784 views comments | 14 tweets | 33 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
10492 views comments | 12 tweets | 23 linkedin
Barclays partners seven watch brands for contactless timepiecesBarclays partners seven watch brands for c...
9898 views comments | 14 tweets | 29 linkedin

Featured job

Basic c.£90K OTE c.£180K plus full benefits pac...
London based

Find your next job