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Nyse to create an stock exchange in Brazil

Published on Nov. 7, 2012

 
Read Nyse to create an stock exchange in Brazil

The Euro-American company Nyse Euronext, who operates New York Stock Exchange (NYSE) with divisions located in Paris, Amsterdam, Brussels and Lisbon, announced its firmly intention to enter in the Brazilian market on Monday.

Nyse has signed an agreement with the Brazilian ATG to create an Stock Exchange called ATS, which will be located in Rio de Janeiro. Both companies will invest 100 million reais each, in order to start up the business by the end of 2013 or in early 2014. A goal has been set of achieving between 10% and 15% market share after a year.

Dominique Cerutti, Nyse CEO, stated that the Brazilian market has room for new players and this initiative won’t try to steal the ...

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