21 August 2017
visit www.avoka.com

Bats inks MoU with Brazil's Claritas

15 February 2011  |  2907 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.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10438 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8696 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8548 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8391 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7833 views comments | 16 tweets | 16 linkedin

Featured job

Find your next job