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Products and Services Bm&F Bovespa

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Submitted By bluew
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Products and Services
BM&FBOVESPA is the main Brazilian institution of intermediation for capital market operations. As the only exchange for stocks, futures and commodities in operation in Brazil, BM&FBOVESPA develops, implements and provides systems for trading involving stocks, stock derivatives, fixed income securities, government securities, financial derivatives, currencies and agricultural commodities. BM&FBOVESPA is also very important in fostering the Brazilian capital market. It plays a vital role in the development, training and inclusion of a new generation of investors in Brazil.

BM&FBOVESPA believes in the development and growing sophistication of the Brazilian capital markets and their participants. The company has then accordingly introduced new products and pursued greater liquidity for existing products. Additionally, the company also intends to increase the likelihood of access to National Treasury bonds, offering new functionalities for “Tesouro Direto” (Treasury Direct) investors and incentives for brokerage houses that distribute this product.

Based on the BM&FBOVESPA annual report 2011, the focus of the company in the equities market has been on developing the following products: * Securities lending (BTC), made easier by means of operational and technological enhancements. * Equity options, by increasing market maker programs for options on highly liquid stocks. * ETFs (Exchange Traded Funds), with the launch of new indexes and the licensing of new funds for trading on the Exchange. * BDRs (Brazilian Depositary Receipts), by extending the scope to issuers in Europe and Asia.

BM&FBOVESPA is also developing the cross-listing of products (especially derivatives) that are licensed by other exchanges. Cross-listing agreements are being negotiated with CME Group and exchanges in all the other BRICS…...

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