As Brazil gears up to host the World Cup next year and the Olympics in 2016, a clutch of government reforms hold high promise for the country’s financial infrastructure, according to Aldo Mendes, deputy governor, monetary policy at Brazil’s Central Bank.
Brazil is to gain its first ever mobile payment service this month, with the launch of a joint service provided by Spanish and South American telecom firm Telefónica and MasterCard.
Brazilian exchange BM&F Bovespa has installed a new market surveillance system from Nasdaq OMX, which it says will help ensure the safety of all market participants on the Brazilian market.
New trading systems in Brazil and Mexico are prompting high hopes that Latin America’s two largest markets will attract more international investors and grow their liquidity base, according to panellists at the TradeTech conference in London.
Emerging markets Brazil, India and Turkey took the spotlight at yesterday’s World Exchange Congress event in London, as senior executives highlighted rising technological investment, growing competition and successful index performance.
