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 one of the largest exchanges in the world 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.
BM&FBOVESPA is much more than just a marketplace. In addition to trading equities, securities and derivatives, it also undertakes the following activities: Listing companies and funds; disseminating price quotes; launching market indices; developing systems and software; implementing technological advances, and much more. All of which effectively contribute to Brazil 's economic growth.
Opportunities are great. Challenges are even greater. But BM&FBOVESPA is capable of competing with any other exchange in the world for local and international investors. It has every bit of the credibility and transparency needed to ensure market access to a full range of investors, from individuals to international funds.
CBLC renders clearing, settlement, risk management, central depository and securities lending services. It acts as a central counterparty for the transactions carried out on the equities and corporate fixed-income securities markets, making and receiving payments, and providing safekeeping for all the securities and assets traded at the Exchange.
The Derivatives, Foreign Exchange and Securities Clearinghouses offer registration, clearing, settlement and risk management services for the transactions carried out on the derivatives, interbank US Dollar and federal government securities markets, respectively, providing efficient mechanisms to cover a default by one or more participants.
Bovespa Market Supervision (BSM) is responsible for monitoring the transactions and activities performed by market participants and clearing and/or custody agents at the CBLC. It is also responsible for managing the Investor Compensation Mechanism (MRP).
The activities performed by the BM&F Settlement Bank are restricted to the transactions executed and/or registered in the BM&FBOVESPA trading environments. In 2008 the settlement services provided by the BM&F Settlement Bank amounted to BRL3.4 million.
Through the Brazilian Commodities Exchange, BM&FBOVESPA enables the commercialization of agricultural products and offers services for the public sector by means of its electronic auction system and for the private sector by means of its private system for the acquisition of goods and services.