BM&FBovespa, Brazil’s main stock exchange, has signed a commercial agreement with the Santiago Stock Exchange, Chile’s main bourse, enabling order routing in equities and derivatives between the two markets by the second quarter of next year.
Brazilian or Chilean financial institutions must be registered in and have a brokerage in each other’s countries to trade in stocks, stock options or derivatives outside their own country. The new plans will simplify this greatly and mean that market participants in Chile and Brazil will be able to route orders directly for securities listed on the other country’s exchange.
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