Known as ICE Link, the system brings efficiency, standardization and offers operational risk mitigation to post-trade workflow.
ICE Link performs vital procedures of the post-trade workflow, including accounts allotment exchange, authorization and combination of the complete transactional data to clients’ internal systems and Cetip’s registration systems and SELIC for corporate and government bonds, respectively.
Cetip commercial and products executive officer of securities and marketing and communications executive officer Carlos Ratto said that the growing fixed income market requires evolution to become more responsive and efficient.
"A growing fixed income market requires evolution to become more responsive and efficient. Cetip, as a market integrator, is focused on providing solutions that meet the needs of the Brazilian market and contribute to gains in operational efficiency," Ratto added.
Cetip transactional products manager Ricardo Vit commented, "Its implementation will streamline the front-to-back office workflow and will help solve several post-trade issues in trading Brazilian securities."
Adapted as per the requirements of Brazilian institutions, including banks, brokers and fund managers, ICE Link offers connectivity to over 800 market participants.
ICE manages regulated exchanges and clearing houses fulfilling the risk management requirements of global markets for agricultural, credit, currency, emissions, energy and equity index products.
