Competition in Brazil's exchange sector up to markets-regulator
SAO PAULO Dec 7 (Reuters) - Markets should decide whether there should competition in Brazil's exchange industry, the head of the nation's securities and exchange regulator said on Friday.
The solution for competition in the so-called market structure industry should come from investors themselves, said Leonardo Pereira, the president of watchdog CVM. Currently, Brazil has only one financial exchange operator, BM&FBovespa SA , which offers trading, clearing, custody and settlement facilities to investors.
- Target says data from 40 million cards stolen in holiday period
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Special Report: Why Ukraine spurned the EU and embraced Russia
- Facebook, Zuckerberg, banks must face IPO lawsuit: judge
- Zuckerberg to sell Facebook shares worth about $2.3 billion