FiNETIK – Asia and Latin America – Market News Network

Asia and Latin America News Network focusing on Financial Markets, Energy, Environment, Commodity and Risk, Trading and Data Management

September 3, 2010 • 4:26 pm 0

Asia E-Trading: Electronic Trading in China – Webinar September 7th

Asia E Trading presents the free  1 hour web-seminar : Electronic Trading in China

  • Overview of the Electronic Trading industry
  • Buy-side Algorithmic Trading
  • CSI300 Index future
  • Latest news on QFII and QDII
  • High Frequency Trading and Colocation
  • Update: Shanghai and Shenzhen Exchange

Speakers are:

Lionel Sancenot - Sungard- MD NE Asia & Greater China

Bill Liu -Qing Ma Investments -Portfolio Manager

Zennon Kapron – KapronAsia- Principal

REGISTER HERE

Date: 07. September 2010

TIME: 5pm Hong Kong, 10am London, 5am New York

The seminar will be recorded and available on demand

Filed under: China, Exchanges, FIX Connectivity, Trading Technology , , , , , , , , , , , , , , , ,

September 1, 2010 • 11:35 pm 0

Brazil: US economy still in the spotlight – September 2010- IXE BANIF – Monthly Analysis

Little hope for a short-term change in the economy

For September, we foresee that attention will continue focused on the US economy, which has been showing signs of weakness since the beginning of 2H10. This expectation is the same we had for August, which proved to be correct. The main event we highlight for September is the FOMC meeting on the 21st, which might raise market expectations of new measures to improve economic growth. The latest statement on the economy from the President of the Central Bank mentioned that the Bank is ready, if necessary, to intervene to adjust the economic trend. However, its portfolio of potential measures is, in our view, limited due to the current low level of interest rates. Meanwhile, data released on housing, payroll and investment are likely to drive the market in the ST.

Concerning the rest of the world, we believe that Europe will continue out of the spotlight, with Germany leading the local economy well. We believe that the only negative in the month could come from China, which has been releasing some mixed and inconclusive data lately.

In September, with little change in the scenario and no major event in sight, we expect the market to move sideways and with less volatility. Therefore, we decided to maintain our defensive view and keep the core of our previous portfolio. We have added Tietê, MRV and EZ Tec, increased the weight of Petrobras (from 15 to 20%) and reduced the weight of Eletropaulo (from 10 to 5%). We have withdrawn B2W (weak 2Q results without good ST expectations), CSN (due to its deteriorated ST outlook) and Tegma (stellar performance in the month).

Petrobras is the month’s highlight

Last month, we predicted that the start of the political TV campaign in August, at presidential level, would be exciting and move the markets. The reality proved to be very dull, with the Labor Party’s candidate having the unquestionable advantage and no response at all from any of the main financial markets: equity, interest rate and FX. In September, we believe that Petrobras’ capital increase operation will be the highlight. The weak performance of the company’s shares in the past 1.5 years contributed to holding down the Ibovespa. We believe that, after the capital increase, they can have the opposite effect.

When it comes to economic data, we believe the two most important events of the month will take place in the first week. These are the Copom meeting on the 1st and the 2Q GDP report on the 3rd. We expect an unchanged Selic rate of 10.75% for the former and a 1% change for the later (QoQ seasonally adjusted, or around 8% YoY).

Read full analysis Brazil – Monthly Allocation – September 2010

Source: IXE-BANIF, 01.09.2010

Filed under: BM&FBOVESPA, Brazil, Latin America, News , , , , , , , , , , ,

August 31, 2010 • 11:51 pm 0

BMV Mexican Stock Exchange Rebalancing of IPC and adustment of MSCI Country Index

The BMV Mexican Stock Exchange – IPC index will be rebalancing go into effect as of today’s ( Tuesday 31.08.2010) close.

The IPC names that will be added to the index are: ICHB, CHDRAUIB, LABB and ARCA. The names that will leave the index are: GFAMSA,AUTLAN and ASUR.

MSCI country Index will also rebalance and go into effect as of today’s ( Tuesday 31.08.2010) close.

Mexico is expected to be the market with the largest recipient of inflows. Among the names that will have the largest positive impact are: AMX and WALMEX, while ALFA is expected to have the largest negative impact (albeit marginal).

Source: IXE 31.08.2010

Filed under: BM&FBOVESPA, Exchanges, Latin America, Mexico, News , , , , , , , , ,

August 21, 2010 • 11:56 pm 0

Brazil: BM&FBOVESPA Monthly News August 2010

BVMF NEWS – August 2010 Complete and Detailed Version

  • CVM authorizes BM&FBOVESPA to implement new DMA modalities in the Bovespa segment
  • New Fee Policy for High-Frequency Traders (HFT)
  • BM&FBOVESPA presents new financial education campaign
  • Itaú Unibanco S.A. is selected to manage the Financial ETF
  • Reduction in the round lot for ETFs to facilitate the access of individual investors
  • Deadline extended for approval of amendments to the listing rules for the special listing segments
  • On August 13th BM&FBOVESPA announced its 2010 second quarter earnings
  • MARKET RESULTS – BM&F Segment July 2010
  • MARKET RESULTS – BOVESPA Segment July 2010

Filed under: BM&FBOVESPA, Brazil, Exchanges, Latin America , , , , , , , , , , , , , , , ,

August 19, 2010 • 9:06 pm 0

RTS Offers Access to New Trading Platform for Pan-Asian Market on Singapore Mercantile Exchange

SMX Launch Further Builds on RTS Low Latency Solutions in Asia

RTS Realtime Systems Group, a leading global trading solutions provider, announced today that the firm will provide connectivity and low latency access to the Singapore Mercantile Exchange (SMX) from its first day of trading, which will be 31 August 2010.

The new pan-Asian commodity and currency derivatives exchange will launch using a state-of-the-art global futures and options trading platform for products which include precious metals, base metals, agricultural commodities, energy, currencies and commodity indices.

Leveraging on its parent conglomerate Financial Technologies (India) Limited, who has designed and provided the end-to-end technology solution, the Exchange provides an application programming interface (API) to enable global independent software vendor (ISV) integration and thus facilitate a cross section of trading members, institutions and other financial market participants to trade on the Exchange. Members also have the option to write their own APIs for connectivity. Financial Technologies (India) Limited’s highly robust and scalable trading technology gives SMX the agility and adaptability which ensures its edge in the financial markets.

RTS recently announced the global launch of a first-of-its-kind trading solution combining the advantages of “point-and-click” and algorithmic trading. Called RTD Tango Trader, it is designed to leverage firms’ existing infrastructure and enable more brokers, traders and clients to benefit from customized algorithms. The firm’s high performance solutions are used by leading financial firms to trade across asset classes on 120+ exchanges and execution venues globally, including a wide range of major Asian exchanges.

Alex Lamb, RTS Executive Board Member, said: “We are pleased to offer access from day one to this truly pan-Asian commodity and currency derivatives exchange for our clients in the region and across the world, particularly given the tremendous interest they’ve already expressed in the opportunity. The breadth of products will create new avenues for arbitrage and effective risk management.”

Thomas J. McMahon, Chief Executive Officer of SMX, said: “As we look forward to attracting new product listings from around the world and Asia, we are very pleased to welcome trading firms globally who use the advanced technology and infrastructure of RTS which brings in a number of important algorithmic traders to SMX. Our global trading venue is well positioned to serve as a gateway for commodities in Asia, synchronizing derivatives and physical trading in commodities within the Asian time zone.”

Source: RTS, 19.08.2010

Filed under: Exchanges, News, Singapore, Trading Technology , , , , , , , , , , ,

August 10, 2010 • 12:47 am 1

Mexico’s GBM Champions FIX Flyer’s Software for Electronic Trading

FIX Flyer, a leader in solutions for electronic trading, announced today that Grupo Bursatil Mexicano, one of the leading brokers in Mexico, uses both the Flyer Engine and Daytona Monitoring for their FIX messaging.

GBM uses Flyer’s tools for their client order flow as well as routing to exchanges in Mexico, Brazil and North America. GBM uses Daytona and the Flyer Engine to monitor and support FIX sessions with all of their counterparties in real-time. In addition, the combined solution lets GBM’s traders respond to their clients needs with dynamic trade busting, routing latency metrics, and real-time order chain management. By providing even higher levels of support for their customers, GBM is in a strong position to attract clients beyond Mexico.

FIX Flyer is also working closely with GBM to integrate with the Bolsa Mexicana de Valores’ new FIX offering. The Bolsa, the largest equities exchange in Mexico, will soon support orders from FIX connections and GBM’s relationship with Flyer has allowed them to respond quickly to this exiting new opportunity in the Mexican market.

“We have embraced the vision of electronic trading in order to provide the very best execution for our increasingly sophisticated clients,” said Enrique Rojas, Director of International Business Development at GBM in Mexico City. “We adopted FIX Flyer’s solution two years ago, and because of their solid reliability and superb performance we have been able to aggressively expand our algorithmic and low-latency trading programs for the direct benefit of our institutional clients around the globe.”

GBM chose FIX Flyer for the core FIX components since the solution is easy to support, scalable, and high-performance. In addition, GBM needed to ensure that the solution would give all of their client’s comfort that they can handle the potential of a dynamic and quickly emerging marketplace. Because of Flyer’s unmatched proficiency and experience as an overall FIX solution, GBM realized early in their evaluation process that Flyer extended their support and tools beyond the other conventional solutions. FIX Flyer works in some of the most demanding trading environments in the world, and that experience makes the product valuable to customers like GBM.

Source: A-TEAM 10.08.2010

Filed under: BMV - Mexico, FIX Connectivity, Latin America, Mexico, Trading Technology , , , , , , , , , , , , ,

August 3, 2010 • 10:27 pm 0

Mexico to Follow US Expectations – August 2010- IXE BANIF – Monthly Analysis

Indications of a slowdown in US growth

Expectations of pick-up in the US economy for 2010 have cooled down recently. The most recent statements of the FED’s President suggested that a recovery in the US will happen only in the medium or long-term. This is a worsening of an already declining expectation for the US economy that started in June, and that we did not incorporate into our scenario at the time.

Until June, nearly everyone’s attention was concentrated on the Euro zone, with fears for the bankruptcy of local banks. These fears faded as the results of a stress test made with a sample of banks showed that very few names were in trouble. The spotlight then turned to the stronger indications of a weakness in the US economy.

Mexico – Monthly Allocation – August 2010

Mexico likely to adapt to new scenario

The Mexican economy continues to depend on its neighbor for exports, as it accounts for most of the demand for its products. With the growing expectation of a reduction in US growth, we believe that the local Mexican economy will tend to migrate from a manufacturing profile (based on exports) to a consumption profile (based on local demand).

While we believe that slower growth of the US economy is not good, we believe that the pace reduction observed so far is still consistent with our current and unchanged expectation for Mexican 2010 GDP growth of 4.4%. We believe that we were in the lower end of the market range, and now believe that others will adjust their expectations downward. In this way, we should move closer to the upper limit of the range of expectations. One indicator on the local economy that we highlight is internal wholesales, which we believe reached its peak at 7% in June (YoY growth, 6.9% in May) and is likely to slow down during the rest of the year. We expect internal wholesales to reach 3.9% for the entire 2010, taking into consideration the negative figures of the first two months of the year. Internal retail sales are now following the wholesales’ trend as an indication that retail companies are reducing inventories. We also expect July figures, when announced, to indicate a reversion of the local deflation observed in the April-June period.

For August, we have added Geo and Chedraui to our suggested portfolio and have withdrawn Asur, Autlan and Urbi.

Filed under: BMV - Mexico, Banking, Exchanges, Latin America, Mexico, News , , , , , , , , , , , , ,

• 6:52 am 0

Brazil: Market now with eyes on US growth – August 2010- IXE BANIF – Monthly Analysis

Spotlight moves from the euro zone to the USA

In August, we foresee the financial markets moving their attention from the euro zone to the USA. We also expect China not to have much influence on market performance this month. The results of the bank stress test released in July seem to have calmed the market and caused fears of bankruptcy to fade. The data did not indicate that problems are over, but left the feeling that they are under control with the adjustments made so far. On the other hand, the hopes that the US economy would gain momentum have diminished after the FED’s Presidential speech at the end of July. Given this, we believe that published economic data are likely to drive the market, as they will give a better idea of trends. However, as we do not foresee any data released this month as important enough to change expectations, we believe the market is likely to move sideways.

Brazil – Monthly Allocation – August 2010

Last month, we foresaw a volatile market with no trend for July and based on this belief, compiled our portfolio with a defensive view. Despite this estimate, the market did rally and our portfolio followed the trend, demonstrating that it was able to perform well in upward as well as volatile movements. For this reason, we decided that, as we do not identify any definite catalyst driving the market in August, we would change our portfolio very little and continue our defensive view. We have reduced the weights on Bradesco and Hering (from 10% to 5% each) due to their recent stellar performance. We have also substituted Tietê for Eletropaulo, with the same weight, and added Telesp.

Focus on slowdown of US economy

The latest indications of a slowdown in the US economy point to a 2.5% GDP growth for 2010, from a previous 2.7%. This reduction, although immaterial, cooled down previous expectations of upward revisions in estimates and turned attention to stimulating growth. On August 10, attention should focus on the FOMC meeting to see if a change in the monetary policy is possible. However, with interest rates already close to zero, there is probably little to be done on this front. Monitoring the labor market (unemployment and payroll) is perhaps the best hope for investors to find economic improvement.

The real start of the Brazilian Presidential race

On August 17, presidential candidates will start their TV campaigns. Although candidates have been campaigning on the road for a while, many people see TV campaigns as the most important and decisive part of the presidential race, so voting polls that start after this are closely followed and should affect the market. Another potential source for market stress is the end of the low inflation period (last two months, caused by food prices) that we foresee for August. Although we expect inflation to remain at around 0.4% per month until December, people may view any rebound negatively.

Source: BANIF – IXE, 02.08.2010

Filed under: BM&FBOVESPA, Brazil, Exchanges, Latin America, News, Wealth Management , , , , , , , , , , , ,

July 26, 2010 • 12:11 pm 0

China: Shanghai launches new OTC market

An over-the counter (OTC) equity bourse was inaugurated in Shanghai Monday,  marking the first step in the city’s effort to forge the nation’s largest OTC market, Shanghai Securities News reported.

The equity exchange, which will mainly serve non-listed companies in the Yangtze River Delta, has a total registered capital of 80 million yuan ($11.8 million). Shanghai United Assets and Equity Exchange, a comprehensive platform for assets and equity transactions, has pledged 50 percent of the investment, financial conglomerate Shanghai International Group 30 percent, and Shanghai Zhangjiang Hi-Tech Park Development Co 20 percent, the report said.

The new bourse is set to be registered in the Zhangjiang Hi-Tech Park, the paper said.

The Binhai New Area of north China’s Tianjin has set up the country’s first OTC market. Other Chinese cities, including Beijing, Chongqing, Shenzhen and Wuhan have all vowed to launch OTC markets in the future.

Source: CITIC NEWEDGE, 26.07.2010 Mr Liang Haisan

Filed under: China, Exchanges, News , , , ,

July 22, 2010 • 1:30 am 0

Rapid Addition Wins Bolsa de Valores de Colombia BVC

Rapid Addition, the leading global provider of low-latency trading technology solutions to financial institutions, today announced its engagement with the Bolsa de Valores de Colombia (BVC) to implement GRHub, Rapid Addition’s flagship FIX Protocol gateway and order routing hub, and u-Trader, Rapid Addition’s web-based, FIX-enabled dealing system.

u-Trader is Rapid Addition’s lightweight buy-side trading application, which connects traders to multiple trading counterparties, either brokers or execution venues. Using u-Trader gives institutions the ability to automate their flow of equity orders, equity options, program, list, and portfolio trades, and also supports Direct Market Access (DMA) and algorithmic trading.

Rapid Addition was chosen by the BVC on the basis that they could exceed the low latency performance requirements of BVC’s exchange members.

Toby Corballis, CEO of Rapid Addition, welcomed the announcement, saying:

“We are delighted to be working with the BVC by providing them with the lowest latency hub solution available on the market today. This will enable the exchange to give its users the best possible performance and help them maintain their competitive edge in the market.”

Jitendra Puri, Vice President of Technology of the Bolsa de Valores de Colombia, said:

“By choosing a firm of Rapid Addition’s industry-leading reputation, we wish to send a clear message to the community that we are totally committed to providing a fully modernized, state-of-the-art solution for the Colombian securities market. Rapid Addition’s expertise in global FIX connectivity and low-latency FIX trading technology made them the best choice for the BVC as we look to expand our offerings internationally.”

Source: A-TEAM GROUP, 23.07.2010

Filed under: Colombia, Exchanges, Latin America, News, Trading Technology , , , , , , , , ,

July 21, 2010 • 2:17 am 0

Brazil: BM&FBOVESPA Monthly News July 2010

Proposed amendments to the listing rules for BM&FBOVESPA special listing segments
These proposals are subject to review by the listed issuers, who have until August 6 to comment. The revised listing rules are expected to take effect in November, after the closed hearing and final approval.
Offerings raise BRL 22.5 billion on BM&FBOVESPA in first seven months of 2010
This was double the proceeds raised in the corresponding period of 2009.
Brazilian presidential candidate Marina Silva meets with representatives of the international financial community in New York
The objective of this meeting is to discuss the guidelines for Brazil’s 2011 development plan. This event will be held at 10:30 a.m. on July 22, 2010 in New York City.
Volumes and Trades by Direct Market Access (DMA)
In June, the BM&F segment posted a trading volume of BRL 117,086,953,000 from 12,189,291 trades, in comparison with a volume of BRL153,982,431,000 and 14,667,970 trades in May.
BM&FBOVESPA, IDB and World Bank discuss challenges related to carbon financial instruments
The meeting allowed financial institutions to exchange experiences on the carbon markets in Latin America and the Caribbean (LAC).
Citigroup selected to manage process for Unsponsored Level I Brazilian Depositary Receipts
After the official opening of bid proposals, Citigroup Brazil is authorized to request the registration of 10 (ten) Brazilian Depositary Receipts.
Exchange Traded Funds (ETFs) attract even more individual investors
The participation of individual investors in ETFs rose from 15.5% in May to 23% in June. Volume totaled BRL515.30 million from 12,083 trades in June
Corporate Sustainability Index (ISE) completes five years with enhancements to portfolio
The companies listed on ISE are recognized for their high level of commitment to sustainability and social responsibility.
BM&FBOVESPA receives Investment Grade Rating From Moody’s
The upgrade reflects the company’s low level of financial leverage, key credit strength and good financial flexibility, which can be preserved even with long-term debt in its capital structure
MARKET RESULTS – BM&F Segment June 2010
The derivatives market segment totaled 43,313,807 contracts and BRL2.87 trillion in volume. Average daily trading volume in the derivatives markets was 2,062,562.
MARKET RESULTS – BOVESPA Segment June 2010
The equities market segment traded BRL122.6 billion in 8,371,028 trades, with daily averages of BRL5.84 billion and 398,620 trades.Complete Report BVMF NEWS July 2010

Filed under: BM&FBOVESPA, Brazil, Exchanges, Latin America, News , , , , , , , , , , ,

July 5, 2010 • 10:24 pm 0

Finamex Introduces Mexican Exchange Trading Proximity for Direct Market Access (DMA) and Colocation

Finamex, the leading financial services broker dealer for the Mexican Exchange marketplace, historically focused in providing premium professional trading products for high-performance and low-latency market access, announced today its new proximity DMA offering. Currently, Finamex enables trading systems allow firms to access Mexican Exchange venues at the lowest latencies in the market place.

Finamex being an authorized broker dealer it also offers all risk requirements, validations and processes fully in-line with existent official regulations and certified on a yearly basis. Local as well as International trading firms have utilized Finamex connectivity to Bolsa Mexicana de Valores and the Mexican Derivatives Exchange Finamex FIX gateways. Today’s announcement of the technology roll-out within the Exchanges’ datacenter incorporates a new lowlatency approach by Finamex for DMA.

FIX gateways are now within LAN proximity to the Mexican Exchange trading engines allowing for high frequency trading strategies to perform optimally on this new Finamex DMA Gateway. Straight-Through-Processing systems have also been deployed in this environment with integration of Finamex Order Management, Risk Controls, Execution Routing, Algorithmic Trading, as well as networking connectivity for clients and partners.

The new Finamex DMA Gateway includes full support of:

* Ultra-thin and transparent FIX engines configurable for special requirements
* Pre-trade order validation optimized for high throughput execution
* Low-latency verifications modules for trading limits and other important checks
* Optimized order routing directly onto the Exchange matching engine LAN
*Neutral access and protected order flow as Finamex do not operate a proprietary trading desk
* Zero-cost execution algorithms including VWAP, TWAP, POV, and others as well as several synthetic order types.

Finamex’s new infrastructure services support general co-location needs for customers and other market participants to implement their own servers and other network components further minimizing overall latency. For more than 20 years Finamex has been a leader in the Mexican financial services industry consistently ranking as one of the best independent broker dealers in the country. Finamex’s commitment to technology excellence is one of the reasons why it is in the top ten most liquid in the equities market, top-five in the fixed-income business, and the prime choice for HFT players and ALGO shops requiring execution services.

Source: A-TEAM 05.07.2010

Filed under: BMV - Mexico, Exchanges, FIX Connectivity, Latin America, Mexico, Trading Technology , , , , , , , , , , , , ,

July 4, 2010 • 11:47 pm 1

Mexico: Fears of Economic Slowdown Unfounded – July 2010- IXE BANIF – Monthly Analysis

The big picture remains unchanged in Mexico, with a high dependency on exports to the US, and a slow recovery of the local economy. Given this, growth still depends on exports, with the local economy playing a secondary role. Recent economic data released for the US economy frustrated expectations of a slightly better performance. However, the data was not bad enough to change the medium term outlook, or reverse the positive trend. Therefore, we believe that the Mexican economy continues to tend towards a recovery, as the main problems facing the world remain in Europe, a region that has very little impact on the country. In any case, a potential economic slowdown in the US continues as the main risk to our moderate optimism.  Mexico – Monthly Allocation – July 2010

For July, we have added Mexchem, Urbi, Autlan and Asur to our suggested portfolio, reduced the weight of Cemex (from 10 to 5%) and withdrawn Gap and Geo.

We continue to expect a GDP growth of 4.4% for 2010, despite the expected release of a 5.5% figure for 2Q10. The reason for this is that we expect a deceleration due to a higher comparison base, which is likely to reduce 3Q and 4Q growth to 4.5% and 3.8%, respectively. This does not conflict with our expectation of a slow recovery of the local market during 2H10, as the slower growth will occur due to the stronger base.

Mexico has also been building its international reserves, which now stand at US$100 bn. We believe that, if oil prices remain stable, these reserves may reach US$140bn by YE. These large reserves are another positive feature of the local economy, as they give liquidity to the country at a time when other regions, such as Europe, are suffering from a tight credit situation.

Source: IXE, Banif, 02.07.2010

Filed under: BMV - Mexico, Exchanges, Latin America, Mexico, News , , , , , , , , , ,

• 11:42 pm 0

Brazil: Scenario Unchanged – July 2010- IXE BANIF – Monthly Analysis

Focus still on the euro zone

For July, we believe the focus will continue to remain mainly on Europe. Banks in the region, particularly in most of the more fragile PIIGS group (Portugal, Italy, Ireland, Greece and Spain), apart from Italy, have recently had limited access to financial markets and remain dependant on local Central Banks to access cash. This situation on its own is uncomfortable, remaining as a source of tension to a market that remains volatile. We expect volatility to continue in July and still do not see any indication of a trend. This is exactly the same view we had for June and, consequently, our suggested portfolio has changed little. We have withdrawn Drogasil, one of the largest winners; reduced the weight of CSN (from 10 to 5%); increased the weight on Hering (from 5 to 10%) and included B2W. With these alterations, we continue using the Ibovespa weights for the oil, mining, banking and transportation industries, remaining overweight for the retail and utility sectors. Brazil – Monthly Allocation – July 2010

Outlook for the euro zone: uncertain and unequal

The G-20 meetings resulted in the decision to halve deficits by 2013 and start decreasing debts from 2016. However, each country is free to decide on the balance between cuts and economic incentives. In Europe, we are facing a catch 22 situation: everyone agrees on the need for cuts, but most people do not want to implement them for fear of an economic slowdown, as perceptions are that growth is more essential. We believe that if only the feared slowdown occurs in Europe it would have little impact on local economic growth, as exports rather than local demand drive economic growth.

Silver linings to the dark clouds

For the rest of the world, we highlight the USA, China and Brazil. Although recently released economic data in the US came slightly below expectations, it is not indicative of a reversal of the trend towards a slow recovery. A conclusion of the details for the reform in the financial system may take place in July, leaving room for welcomed practical measures. In China, we expect growth to continue unchanged, balancing the still difficult situation of the developed world. In Brazil, we expect inflation data for June to be as low as that of May. We also see a transition time for GDP estimates, with a continued gathering of data to support either a revision or confirmation of the current 2H10 and 2011 expectations, which are currently good.

Source: IXE BANIF, 02.07.2010

Filed under: BM&FBOVESPA, Brazil, Exchanges, Latin America, Risk Management , , , , , , , , , , ,

June 29, 2010 • 11:49 pm 0

BM&F BOVESPA News June 2010

“Brazil Easy Investing” will allow foreign investors to order routing in their local currencies
BM&FBOVESPA and Chi-X Global are jointly developing an order routing software designed for the trading of Brazilian equities in foreign currencies.
Launch of five new Currency Futures Contracts in the BM&F segment for trading
Australian Dollar (AUD), Canadian Dollar (CAD), Japanese Yen (JPY), Pound Sterling (GBP) and Mexican Peso (MXN) contacts are authorized for trading.
DMA trading reaches historic levels in the BM&F segment
Derivatives trading via Direct Market Access (DMA) set a new record in May, with 20,949,961 contracts traded in 3,040,357 trades. Other records were set during the same period.
Bidding Process for the selection of a manager for the new financial ETF
Interested financial entities must submit their proposals by no later than July 19th. The winning bidder will be the entity that provides the highest value commitment.
Important agreement to stimulate the relationship between entrepreneurs and investors
The partnership of BM&FBOVESPA and São José dos Campos Technology Park hopes to establish a culture of entrepreneurship and innovation, through professional training.
Brazil elected as the most trustworthy country among the developing nations for doing business
A survey of investors from all over the world showed that they considered Brazil to be the developing country with the best corporative governance.
WFE Working Committee Meeting will be hosted by BM&FBOVESPA
BM&FBOVESPA will host the World Federation of Exchanges (WFE) Working Committee on July, 1st and 2nd, in São Paulo. Main topic to be discussed will be “Sustainable Investment”
Corporate Sustainability Index (ISE) completes five years with enhancements to the next portfolio
The companies listed on ISE are recognized for their high level of commitment to sustainability and social responsibility.
MARKET RESULTS – BM&F Segment May 2010
The derivatives market segment totaled 52,063,826 contracts and BRL3.57 trillion in volume. The average daily trading volume in the derivatives markets was 2,479,230.
MARKET RESULTS – BOVESPA Segment May 2010
The equities market segment reached a total volume of BRL152.93 billion, in 10.261.145 trades, setting a new record, with daily averages of BRL7.28 billion and 488,626 trades.

Source: BM&FBOVESPA, 30.06.2010

Filed under: BM&FBOVESPA, Brazil, Exchanges, Latin America, News , , , , , , , , , , , , , , , , ,