US futures commission merchants will be able to use SunGard’s one-stop GMI platform to process and clear trades on BM&F Bovespa, the Brazilian stock and derivatives exchange, from the second quarter this year. The GMI system also helps with post-trade accounting.
Customers will be able to automate the process of
loading trades, bookkeeping and calculating margins and fees.
GMI’s trade load functionality means US FCMs will
be able to import cleared trades from Brazil directly into
their GMI systems.
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