Exchange tie-up makes Chile derivatives possible

Author: | Published: 17 Dec 2010

A joint operating agreement between exchanges in Brazil and Chile will allow for a derivatives market in Santiago, by drawing on Brazil’s existing relationship with the Chicago Mercantile Exchange (CME).

Last Monday the superintendents of Brazil and Chile’s respective stock exchanges signed a Strategic Joint Operating Agreement (SJOA) allowing the trade of shares across platforms.

José Antonio Martínez, superintendent of Chile’s Bolsa (BCS), concurrently...