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Brazil: CADE probing financial trading markets

By  |  September 27, 2016

Brazil’s antitrust regulator Cade has opened a probe into whether financial bourse BM&FBovespa SA engaged in anticompetitive behavior by making it tougher for rivals to enter the country’s financial trading and clearing markets.

According to Cade’s website, exchange operator ATS Brasil and parent company Americas Trading Group alleged that BM&FBovespa lowered fees on cash equities trading and raised them for clearing and settlement services to discourage newcomers.

According to Cade, ATS requested access to BM&FBovespa’s clearing and settlement platforms in December 2014. BM&FBovespa responded that it would only guarantee access once ATS won central bank approval to operate.

Full Content: Reuters

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