Brazil’s biggest securities clearinghouse, Cetip, may begin offering commodities options contracts in 2011, Bloomberg reports. The company expects derivatives trading volume to increase 10% in 2011.
The company is planning to start trading the contracts in the first half of this year, said executive director, Carlos Ratto. In December 2010, Cetip signed a deal to buy credit-risk management services provider, GRV Solutions, for $1.2 billion.
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