CETIP Trader
 |
|---|
| CETIP Trader | |
 
| |
| Founded | 2012 |
|---|---|
| Headquarters | Rio de Janiero, Brazil; Atlanta, GA, USA |
| Products | Trading Platform |
| Corporate Website | http://www.cetip.com.br/Releases |
| Releases | Company News |
CETIP Trader, a joint venture between IntercontinentalExchange, Inc. and CETIP, is a Brazillian fixed income trading platform that merges electronic trading, voice confirmation, bilateral settlement of electronic buy and sell orders, and real-time historical data into a single piece of software. ICE provided the new technology which will blend with CETIP's already existing voice trading software. ICE Link will provide processing services as well as depository registration. [1]
ICE began working on the platform with CETIP, Latin America's largest central depository for OTC and private securities and derivatives, in April 2012. On February 7, 2013, Brazilian regulators approved CETIP Trader; the platform is set to launch on February 25, 2013.[2]
Brazil's CETIP is Latin America's largest central depository for OTC and private securities and derivatives, with over 15,000 customers in Brazil's financial services sector, and over BRL 3 trillion (about $1.52 trillion) in assets held in custody.[3] In 2011, ICE acquired a 12.4 percent stake in CETIP for $512 million in cash.[4]
References
- ↑ Cetip and IntercontinentalExchange Launch Fixed Income Trading Platform. Yahoo Finance.
- ↑ Brazil approves ICE electronic platform. Financial Times.
- ↑ INTERCONTINENTALEXCHANGE ANNOUNCES STRATEGIC INVESTMENT WITH 12.4% STAKE IN CETIP S.A., BRAZIL'S LEADING CLEARING HOUSE. Press Release.
- ↑ IntercontinentalExchange Announces Strategic Investment with 12.4% Stake in Cetip S.A., Brazil's Leading Clearing House. ICE.
