Bovespa welcomes competition from BATS

BM&F Bovespa accounts for over 80 per cent of Latin American trade in both derivatives and cash equities, but according to the Brazilian exchange's UK representative Cathryn Lyall, the "Mila" alliance of the Colombia, Chile and Peru exchanges is not a threat but rather a boost to the region's attractiveness and liquidity. She also welcomes competition from BATS, but warns the opportunities are growing but still limited.