BM&F/Bovespa welcomes ABN AMRO Clearing
The Brazilian exchange BM&F/Bovespa has admitted ABN AMRO Clearing as a carrying broker and clearing member of the exchange's derivatives segment.
The firm cleared its first transaction in early 2015.
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ABN AMRO Clearing has provided access to the Brazilian market through a local partner for its clients since 2013. The approval of the clearing membership for derivatives is an important step towards establishing the firm as a local intermediary.
Being a direct participant in the market infrastructure, the firm says, creates processing efficiencies and permits the bank to offer competitive pricing to its clients.
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