Monday June 24 2013
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Americas Trading System Brasil (ATS Brasil), a joint-venture between Americas Trading Group (ATG) and NYSE Euronext, has formally made an authorization request with the Securities and Exchange Commission (CVM) in Brazil to launch as a new stock exchange in the Brazilian market. The formal request to approve ATS Brasil for trading in 2014 also includes provisions for the admission of new liquidity providers to the joint venture.
NYSE Technologies has already completed the customization of the core trading technology for ATS Brasil and is now testing the platform functionality and global connectivity capabilities. ATS Brasil is built on the Universal Trading Platform (UTP), a world-class trading engine used by NYSE Euronext’s stock and derivatives exchanges worldwide.
ATS Brasil is scheduled to begin operations in 2014, pending the approval of Brazilian regulatory authorities.
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