Reuters: Regulatory News: Direct Edge urges quick Brazil move on bourses

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Direct Edge urges quick Brazil move on bourses Jun 29th 2012, 17:19 SAO PAULO, June 29 | Fri Jun 29, 2012 1:19pm EDT SAO PAULO, June 29 (Reuters) - Brazilian securities regulators must decide whether they want to open the local bourse industry to competition "as soon as possible," Direct Edge Chief Executive Officer William O'Brien said on Friday. Direct Edge does not rule out working with separate trading, and post-trading, platforms in case talks with BM&FBovespa , Brazil's sole financial exchange operator, over sharing clearing services fail, he told reporters in Rio de Janeiro.

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