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.
- Alumnus shot dead after wounding three at Florida State University |
- Pope to raffle gifts given to him to raise money for the poor
- Naked outdoor protest over SeaWorld float in NY's Thanksgiving parade
- Exclusive: U.S. to allow people from nations hit by Ebola to stay temporarily
- Banking culture breeds dishonesty, scientific study finds