Tuesday, February 15, 2011

BATS in talks to create Brazil stock exchange

(AFP)

3 hours ago
NEW YORK — BATS Global Markets, the number-three US stock exchange operator, said Tuesday it was in talks with Brazilian asset management firm Claritas to create a new stock exchange in Brazil.Under a signed agreement, the companies will explore "the potential creation of a new stock exchange with clearing and depository services in Brazil," BATS said in a statement.BAT's senior vice president Ken Conklin said he hoped the move would be an "initial step" that helps to

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