21 September 2017
visit www.avoka.com

ICE and Cetip plan Brazilian debt trading platform

26 April 2012  |  1528 views  |  0 Source: IntercontinentalExchange

IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced the completion of an agreement with Cetip, S.A. (BOVESPA: CTIP3) to develop and deliver a new fixed income trading platform to be offered by Cetip for Brazilian corporate and government bonds.

The platform is expected to be launched in the second half of 2012. Cetip is responsible for product strategy and the promotion of usage in Brazil. ICE is developing the technology.

"ICE is pleased to deepen our relationship with Cetip and build on our presence in Brazil," said ICE Chief Strategic Officer David S. Goone. "Through this partnership we are combining Cetip's leadership in fixed income markets together with ICE's technology and experience in building liquid, transparent markets to bring more liquidity and depth to the bond markets in Brazil."

Cetip CEO Luiz Fernando Fleury said, "The choice to select ICE came not only from the fact that they are a globally recognized company, but also because of their outstanding technology and OTC market expertise. A major reason for this partnership is ICE's demonstrated ability to successfully deliver liquidity and pricing transparency in other less liquid markets, similar to the scenario we currently have with our local corporate debt. The speed with which they can deliver the product to our market was another key factor."

Cetip is a publicly traded company and is Brazil's largest clearing house, as well as the leading operator of registration and custodial services for securities, fixed-income bonds and OTC derivatives. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comdownload the paper nowvisit www.sibos.com

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
11870 views comments | 24 tweets | 41 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10697 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9383 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7941 views comments | 5 tweets | 4 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
7904 views comments | 18 tweets | 26 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job