Brazilian securities regulator Comissao de Valores Mobiliarios (CVM) has approved Intercontinental Exchange's (ICE) fixed income trading platform, developed in conjunction with Rio de Janeiro-based depository Cetip.
Cetip Trader will offer voice confirmation, electronic trading and historical data, and is set to launch on February 25, following successful beta testing.
Atlanta-based ICE has been working with Cetip on the devolopment of the platform since April last year.
"ICE was pleased to work with Cetip to build a product that is customized for the Brazilian market, available in Portuguese, and that provides a complete trading solution to the market for corporate and government bonds," says ICE senior vice president and chief strategic officer Dave Goone.
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