The new clearinghouse project undertaken by BM&FBovespa will help brokerage houses as fixed-income instruments, derivatives, equities and commodities clearinghouses will all be integrated in a single place, lowering operating costs, said Luiz Fernando Figueiredo of the exchange operator's risk management committee. "The brokerage business has suffered for a long time, and that's why I'm sure the new rules are key to help them find a business niche," Figueiredo said.

Full Story:

Related Summaries