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Brazil's BM&FBovespa mulls sharing Cetip cost savings with clients
February 3, 2017 / 3:12 PM / 9 months ago

Brazil's BM&FBovespa mulls sharing Cetip cost savings with clients

SAO PAULO, Feb 3 (Reuters) - BM&FBovespa SA, Brazil’s sole financial exchange, is considering passing along to clients part of the cost savings from the acquisition of rival clearinghouse Cetip SA Mercados Organizados.

In a Friday securities filing, BM&FBovespa said the matter was being discussed preliminarily and no decision had been made.

Newspaper Valor Econômico said earlier in the day, citing an investor letter from a fund manager, that BM&FBovespa could share up to 30 percent of the cost savings from Cetip’s acquisition with clients. (Reporting by Brad Haynes; Editing by Bernadette Baum)

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