Bovespa Holding S.A. and the Brazilian Mercantile & Futures Exchange S.A. – BM&F announced on March 26 that will submit to shareholders a proposal contemplating an integration on the activities of the two companies, which will change into one of the world’s leading fully-integrated, multi-asset class, exchange groups temporarily called “New Exchange”.
New Exchange will bring together two highly efficient and complementary businesses, coupling the strengths of BOVESPA Holding in cash equities and equity derivatives with those of BM&F in financial and commodity derivatives, spot FX and securities markets.
New Exchange will become the world’s third largest exchange and the second largest in the Americas in market value. New Exchange will be Latin America’s leading equity and derivatives markets, representing approximately 80% of the region’s average daily equity turnover and a daily notional futures trading volume of USD67 billion.
Source: 27.03.2008 BOVESPA,
Filed under: News, BM&F, BOVESPA, Brazil, Exchanges, Latin America, Merger
