Securities lending on the up in Brazil 10 April 2017 São Paulo Reporter: Drew Nicol
Image: Shutterstock
Newly formed Brazilian exchange B3 posted month-to-month growth in its securities lending volume for March.
Lending volume hit BRL 64.90 billion (USD 20.62 billion) last month, up from BRL 56.75 billion (USD 18 billion) in February.
Transactions figures reached 127,680 compared to 105,389 the previous month.
B3 is the product of the merging of BM&FBovespa and Cetip, Latin America's largest depository for over-the-counter securities and derivatives, which was completed in the beginning of April.
Exchange-traded fund (ETF) transactions involving B3 totaled 277,156 in March, up from 175,896 in February.
ETF transaction value on the exchange reached BRL 3.79 billion (USD 1.2 billion) in March, compared with BRL 3.21 billion (USD 1 billion) in February.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 