NYSE Partners ATG for Brazilian Equities Venue
The two firms had previously worked with Bolsa Mexicana de Valores on a wholesale re-engineering of Mexico's trading infrastructure. The new company, named Americas Trading System Brasil (ATS Brasil), plans to begin operation from next year. It will likely compete with BM&F BOVESPA, the dominant exchange in Brazil, although the release from NYSE stresses that it aims to complement trading on the primary market rather than challenge the incumbent.
ATG will have a controlling stake in the company
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