BM&FBovespa and Cetip merger talks continue
Henrique Vergara and Carlos Lobo
The proposed tie-up between Brazil’s BM&FBovespa and São Paulo clearing house Cetip would allow the pair to better compete against other Latin American bourses at a time of diminished investor confidence in Brazilian capital markets, but there are fears the combined exchange could end up stifling its competitive edge by levying higher costs on traders.
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