Market roundup: Bond market enters the digital age

Photo: Freepik

Fintech aims to bring Brazil’s bond market into the digital age

The bond market in Brazil moves around BRL 100 billion (USD 20 billion) daily. In 2022, the total capital raised through this type of investment reached a record high of BRL 457 billion — the highest figure since 2012 and 6.6 percent higher than in 2021. However, the vast majority of this trading is still analog.

State of play. Despite the size and importance of this market, it is still relatively undigitized. Only 9 percent of transactions take place electronically. Currently, trades are conducted over the phone, although a platform for this purpose, Cetip Trader, has existed for ten years and is maintained by B3, Brazil’s stock exchange operator.

Why it matters. Government bonds represent a significant part of this market, and they are also considered the gateway for individuals to enter the world of investments.

In March 2023, the sale of these assets reached a historical record. A total of BRL 6.842 billion worth of bonds were traded, according...

Diogo Rodriguez

Diogo Rodriguez is a social scientist and journalist based in São Paulo. He worked in the first Brazilian Report team, back in 2017, leaving in 2018 to pursuit a master's degree from the Craig Newmark Graduate School of Journalism at CUNY. He has returned to The Brazilian Report in 2023.