U.S. Exchange Direct Edge's Brazilian Venture Faces Headwinds
Eighteen months after it announced plans for an equities exchange in Rio de Janeiro, U.S.-based Direct Edge has some heavy lifting left to do. The firm still must convince Brazil’s securities regulator and the country’s lone exchange operator that competition will be good for everyone.
Aaron Timms
May 10, 2013
BM&FBovespa SA signage is displayed on a floor mat as traders enter the stock exchange in Sao Paulo, Brazil, on Thursday, Dec. 1, 2011. The Bovespa index surged to a two-week high after Brazil eliminated a tax on foreigners' stock purchases as part of measures to shore up growth amid the global economic slowdown. Photographer: Dado Galdieri/Bloomberg
Dado Galdieri/Bloomberg
