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The agreement was announced to BM&F shareholders this morning (February 12). The Brazilian exchange group’s investment in the project is estimated at $175m over ten years.
The new electronic platform, to be based on...
"For exchange-traded derivative markets, the monopoly of middle and back office providers is likely to be challenged. Historically, the three incumbent providers have been largely unchallenged due to widely held fears of ‘migration risk’."
Clive Furness, MD, Contango Markets