The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Exchanges: Brazilian and Chilean bourses sign routing deal

Wider LatAm agreements planned; Brazil to introduce high-frequency trading

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. Under the arrangements, they will also be able to disseminate data from each other’s markets.

Clearing and settlement of orders will be carried out according to the rules of the local market in which the stock or derivative is listed.

BMV and Mila

BM&FBovespa is also in talks with the Bolsa Mexicana de Valores (BMV), the Mexican stock exchange, and with the Latin American Integrated Market (Mila), the new index made up of the biggest stocks listed in Colombia, Peru and Chile, about similar order-routing agreements.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree