CME Group and BM&FBOVESPA Surpass Two Million Contracts Traded in Order Routing Agreement
July 08 2009 - 8:00AM
PR Newswire (US)
CHICAGO and SAO PAULO, July 8 /PRNewswire-FirstCall/ -- CME Group,
the world's largest and most diverse derivatives exchange, and
BM&FBOVESPA, the largest exchange in Latin America, announced
that more than two million contracts have now traded as a result of
their order routing agreement that was fully implemented on
February 9, 2009. The order routing linkage enables customers
outside of Brazil for the first time to directly access BM&F
segment products on CME Globex(R), and customers inside Brazil
using GTS, one of BM&FBOVESPA's electronic trading platforms,
to directly access CME Group products. "Facilitating CME Group
customer access to BM&F segment products has opened up an
entire new set of opportunities for customers outside of Brazil to
gain exposure to the Brazilian marketplace," said Rick Redding, CME
Group Managing Director of Products and Services. "With one
connection, our customers have an entree to products for one of the
most closely followed economies in the world." "This new direct
access to our markets has been very well received and we now look
forward to expanding contract offerings to customers even further
with new jointly developed products from CME Group and
BM&FBOVESPA. Through this week, more than 2.2 million contracts
were traded, representing more than 227,000 transactions, totaling
over R$177.36 billion," said Cicero Augusto Vieira Neto,
BM&FBOVESPA Chief Operations Officer. The order routing
agreement includes access to some of the most liquid futures and
options contracts in the world on interest rates, commodities such
as grains and livestock, equity indexes and foreign exchange listed
at CME Group, and One Day Inter-Bank Deposits, the Bovespa Stock
Index, which is pending regulatory approval, and commodities such
as Arabica coffee, live cattle and corn available at
BM&FBOVESPA. Also as part of the arrangement between the two
exchanges, CME Group owns a 4.9 percent equity stake in
BM&FBOVESPA, and BM&FBOVESPA owns a 1.7 percent equity
stake in CME Group. CME Group (http://www.cmegroup.com/) is the
world's largest and most diverse derivatives exchange. Building on
the heritage of CME, CBOT and NYMEX, CME Group serves the risk
management needs of customers around the globe. As an international
marketplace, CME Group brings buyers and sellers together on the
CME Globex electronic trading platform and on trading floors in
Chicago and New York. By acting as the buyer to every seller and
the seller to every buyer, CME Clearing virtually eliminates
counterparty credit risk. CME Clearing also offers financial
safeguards to help mitigate systemic risk, providing the security
and confidence market participants need to operate, invest and
grow. CME Group offers the widest range of benchmark products
available across all major asset classes, including futures and
options based on interest rates, equity indexes, foreign exchange,
energy, agricultural commodities, metals, and alternative
investment products such as weather and real estate. CME Group is
listed on NASDAQ under the symbol "CME." 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. CME Group is the parent
company of CME, CBOT and NYMEX. The CME, CBOT and/or NYMEX Rulebook
should be consulted as the authoritative source on all current
contract specifications. 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
fourth largest exchange worldwide in terms of market
capitalization, 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 in doing so to position not only itself 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; or Media, Carmen Barcellos, 55
11 32332372, , or Investors, Carlos Kawall Leal Ferreira, 55 11
3119 2007, , both of BM&FBOVESPA Web Site: http://www.cme.com/
http://www.bmfbovespa.com.br/ http://ri.bmfbovespa.com.br/
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