Brazil’s capital markets IT spend is expected to reach $2.6 billion by 2017 as the country seeks to modernise its financial institutions, improve post-trade processing and integrate with global markets. The transformation creates both challenges and opportunities for foreign financial services companies in Latin America’s largest market, according to a new report by analyst firm Celent.
Brazil’s BM&F Bovespa exchange has begun a major new project to bring all of its four clearing houses onto a single technology platform. Billed as the “world’s largest clearing project”, the Brazilian derivatives market – one of the world’s largest – has been moved first.
After nearly a decade of trying ATS Brasil is finally poised to launch an equities trading venue, bringing competition to Latin America’s largest market for the first time in many years.
As Brazil gears up to host the World Cup next year and the Olympics in 2016, a clutch of government reforms hold high promise for the country’s financial infrastructure, according to Aldo Mendes, deputy governor, monetary policy at Brazil’s Central Bank.
Brazilian exchange BM&F Bovespa has joined the BT Radianz Cloud, a financial community that connects 500 member locations in Latin America with BT’s global network.
Brazilian exchange BM&F Bovespa has installed a new market surveillance system from Nasdaq OMX, which it says will help ensure the safety of all market participants on the Brazilian market.
