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Cristo Redentor statue overlooking Rio de Janeiro
Brazilian depository Cetip is based in Rio de Janeiro.

ICE, Cetip Bonds Platform Approved in Brazil

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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