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NYSE-ATG venture in Brazil aims to bring in new partners

New venture aims to begin competing with BM&F Bovespa in the first half of 2014

Americas Trading System Brasil, a joint venture of NYSE Euronext and Americas Trading Group, or ATG, has requested authorisation to begin operations in Brazil, the company said in a statement Wednesday morning.

If approved, ATS Brasil plans to start operations in the first half of 2014, and become the first exchange in more than a decade to compete with BM&FBovespa.

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