BM&FBOVESPA Receives Regulatory Approval for Ibovespa Equity Index Futures Accessible by U.S. Participants Through CME Group's E
August 28 2009 - 4:29PM
PR Newswire (US)
SAO PAULO and CHICAGO, Aug. 28 /PRNewswire-FirstCall/ --
BM&FBOVESPA, the largest exchange in Latin America, and CME
Group, the world's largest and most diverse derivatives
marketplace, have announced that BM&FBOVESPA has received
regulatory approval enabling market participants trading from a
U.S.- based account to trade futures and options for the world
renowned Ibovespa stock index. Participants can access the Ibovespa
contract through CME Globex , CME Group's electronic trading
network, beginning immediately. The listing is part of the order
routing agreement that began last September that enables customers
in Brazil to access CME Group products via the GTS electronic
trading platform and CME Group customers to access BM&FBOVESPA
products via CME Globex. To date, more than 4.5 million contracts
have traded as a result of the partnership. Yesterday a record
97,000 contracts traded. Average daily volume in August has been
70,000 contracts. The two exchanges are also jointly developing
products for customers. As part of the arrangement between the two
exchanges, CME Group owns a 5 percent equity stake in
BM&FBOVESPA and BM&FBOVESPA owns a 1.7 percent of CME
Group. CME Group - As the world's largest and most diverse
derivatives marketplace, CME Group (http://www.cmegroup.com/) is
where the world comes to manage risk. CME Group exchanges offer the
widest range of global benchmark products across all major asset
classes, including futures and options based on interest rates,
equity indexes, foreign exchange, energy, agricultural commodities,
metals, weather and real estate. CME Group brings buyers and
sellers together through its CME Globex electronic trading platform
and its trading facilities in New York and Chicago. CME Group also
operates CME Clearing, one of the largest central counterparty
clearing services in the world, which provides clearing and
settlement services for exchange-traded contracts, as well as for
over-the-counter derivatives transactions through CME ClearPort .
These products and services ensure that businesses everywhere can
substantially mitigate counterparty credit risk in both listed and
over-the-counter derivatives markets. The Globe logo, CME, Chicago
Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort
are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago
Board of Trade are trademarks of the Board of Trade of the City of
Chicago. NYMEX and New York Mercantile Exchange are trademarks of
New York Mercantile Exchange, Inc. COMEX is a trademark of
Commodity Exchange, Inc. All other trademarks are the property of
their respective owners. Further information about CME Group and
its products can be found at http://www.cmegroup.com/.
BM&FBOVESPA S.A. - Securities, Commodities and Futures Exchange
was created in 2008 with the integration between the Brazilian
Mercantile & Futures Exchange (BM&F) and the Sao Paulo
Stock Exchange (Bovespa). Together, the companies have formed the
third largest exchange worldwide in terms of market value, the
second largest in the Americas, and the leading exchange in Latin
America. In today's global scenario, in which responding quickly to
transformation has become a competitive asset, BM&FBOVESPA is
an attractive investment option with cost efficient trading fees.
Among its broad range of trading products, the new Exchange offers
equities, securities, financial assets, indices, interest rates,
agricultural commodities, and foreign exchange futures and spot
contracts. As a leader in the Latin American market of equities and
derivatives, BM&FBOVESPA's mission is to act in the
macroeconomic growth dynamic of the Latin American market and
position, not only the Exchange, but also Brazil as an
international financial hub for equities, commodities, and other
financial instruments, with operational excellence and socially
responsible attitudes. CME-G DATASOURCE: CME Group CONTACT: Media,
Mary Haffenberg, +1-312-930-3435, or Allan Schoenberg,
+1-312-930-8189, , or Investors, John Peschier, +1-312-930-8491,
all of CME Group Web Site: http://www.cmegroup.com/
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