IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced the authorisation by Brazil’s financial regulator, the Comissao de Valores Mobiliarios (CVM), to provide access to ICE Futures Europe products via ICE’s trading screens in Brazil.
Direct access and Membership will be restricted to intermediary firms authorized by the CVM, and those accessing ICE Futures Europe’s electronic markets as clients may only do so if they are qualified investors and are executing via an approved Brazilian intermediary. ICE Futures U.S. has been approved to provide screen-based access to its markets in Brazil since October 2009.
Said David Peniket, president and coo of ICE Futures Europe: “We continue to pursue new jurisdictions to broaden our customer base and to access new markets. Brazil is one of the world’s most dynamic economies and an increasingly important producer of crude oil. We are delighted to be able to respond to demand for ICE products, particularly given the increased reliance on the benchmark ICE Brent Crude Oil futures contract.”
