Brazilian stock brokerages improved their operational trading risk by 20% last year, according to BM&FBovespa, the Brazilian stock exchange.
The exchange’s 2010 audit programme analysed trading at 90 brokerage houses that operate at the Bovespa. By this April, audit reports had been completed on 51 of the brokerages (one brokerage had two reports, leading to a total of 52) and on June 30 a further 39 reports were in the final stages of completion.
