Under the partnership, ICE will develop the technology and Cetip will be responsible for product strategy and the promotion of usage in Brazil.
The platform is anticipated to be launched in the second half of this year.
ICE chief strategic officer David Goone said, "Through this partnership we are combining Cetip’s leadership in fixed income markets together with ICE’s technology and experience in building liquid, transparent markets to bring more liquidity and depth to the bond markets in Brazil."
Cetip CEO Luiz Fernando Fleury said " A major reason for this partnership is ICE’s demonstrated ability to successfully deliver liquidity and pricing transparency in other less liquid markets, similar to the scenario we currently have with our local corporate debt."
