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Costa Rica, El Salvador and Panama mooted for Latin America electronic exchange

Wednesday, December 28, 2011

William Karsh, a former executive at Direct Edge Holdings, is raising money for an electronic venue that would give investors a new place to buy and sell American depositary receipts tied to Latin American stocks.

The platform, based in a yet-to-be-determined Latin America country, would trade securities listed in the United States and Canada, said Karsh, the former chief operating officer at the fourth-largest American equities exchange owner.

Possible locations include Costa Rica, El Salvador and Panama, he said.

Original source: Bloomberg