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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.

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    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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