BATS Brings Competition to Brazil


Bats Global Markets has announced plans to create a new trading venue with clearing and depository services in Brazil to rival the local BM&FBovespa exchange.

Bats aims to provide cheaper, faster and better services via the delivery of a number of technology efficiencies, according to Ken Conklin, head of global business development at Bats.

In particular, Bats will not follow BM&FBovespa's example in bestowing trading penalties for customers who have too many orders for the number of trades

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