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Cetip and IntercontinentalExchange Unveil Fixed Income Trading Platform
Published on 17 Aug 2012
IntercontinentalExchange (NYSE: ICE) and Cetip S.A. — Latin America's largest private fixed income depository launched a new Brazilian fixed income trading platform. The platform, Cetip | Trader, brings together electronic trading, voice confirmation, straight through processing and real-time and historical data in a single tool that will provide transparency, price formation, and workflow automation to Brazil's fixed income markets.
ICE is providing the technology for the platform, which provides users with five key functionalities:
-Confirmation of voice trades through Cetip | Voice
-Request for Quote (RFQ), which allows secure pricing requests to multiple dealers
-Limit Order Volume Clearing (LOVC), a unique feature to provide price formation during an auction process
-Volume Clearing (VC), which helps participants increase trade volume after a level is defined by the market
"ICE was the natural choice to develop this tool with us because of its technology expertise and ability to adapt this platform to the Brazilian market," said Carlos Ratto, Cetip's Commercial, Products, Marketing and Communications Officer.
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