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| Additional information |
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| BM&Fbovespa S.A. |
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Mission statement:
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. |
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Overview:
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 São 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. |
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History:
1890
The Bolsa Livre is founded. It is closed in 1891, due to the Encilhamento policy.
1895
The Bolsa de Fundos Públicos de São Paulo is founded. Trading of government-issued securities and equities were registered on huge stone blackboards.
1934
Transference of the Exchange to the Palácio do Café building, where it was officially named Bolsa Oficial de Valores de São Paulo. Trading took place in a central pit.
1967
Emergence of brokerage houses and floor traders. The exchange becomes known as Bolsa de Valores de São Paulo - Bovespa
1970
Substitution of tickets by punch cards. Trading at Bovespa is now registered electronically.
1972
Implementation of automated trading sessions. Trading information is displayed online and in real-time. By the end of the decade, Bovespa becomes the first exchange to introduce the options market in Brazil.
1986
Trading sessions begin at the Bolsa Mercantile & de Futuros – BM&F and at its Derivatives Clearinghouse.
1990
Bovespa begins trading through the Computer Assisted Trading System (CATS), which operates simultaneously with the open outcry trading floor.
1991
BM&F enters into an agreement with the Bolsa de Mercadorias de São Paulo (BMSP), a traditional commodities exchange founded in 1917, to create the Bolsa de Mercadorias & Futuros – BM&F.
1997
Implementation of Bovespa’s Mega Bolsa, a highly advanced electronic trading platform.
1997 BM&F
enters into an agreement with the Bolsa Brasileira de Futuros (BBF), with the objective of consolidating itself into the principal derivatives exchange in the Mercosul region.
1999
Launching of Home Broker, which allows the investor to transmit their buy or sell orders directly to Bovespa’s Mega Bolsa; and the After-Market, which offers evening electronic trading sessions.
2000
Implementation of GTS, BM&F’s electronic trading platform.
2002
Launching of the BM&F Foreign Exchange Clearinghouse and the Brazilian Commodities Exchange; and acquisition of equity memberships of the Rio de Janeiro Stock Exchange - BVRJ.
2004
Launching of WebTrading, internet-based trading system for mini contracts; BM&F Securities Clearinghouse; and BM&F Banco.
2006
Implementation of Bovespa’s new information technology infrastructure, allowing cost reductions and volume increase in Brazil’s capital markets.
2007
Demutualization of Bovespa, which is now called Bovespa Holding, and of BM&F, which is called BM&F SA.
Bovespa Holding SA (BOVH3) and BM&F S.A. (BMEF3) carry out their IPOs on the Novo Mercado on October 26, 2007 and on November 30, 2007 respectively.
2008
Integration of Bovespa Holding SA and BM&F SA and the creation of the Brazilian Securities, Commodities and Futures Exchange – BM&FBOVESPA SA, the world’s third largest exchange in terms of market value. |
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