About BM&FBOVESPA

Companies Of BM&FBOVESPA

With the incorporation of BM&F and BOVESPA shares by BM&FBOVESPA, our corporate structure is now as follows:

Bolsa de Valores de São Paulo S.A.  BVSP is a wholly owned subsidiary of BM&F BOVESPA. Its corporate purpose comprises providing a complete infrastructure of well equipped facilities comprising integrated, fully electronic systems and trading platforms for the equities and equity derivatives markets.  BVSP operates the São Paulo Stock Exchange and organized over-the-counter markets, while providing a wide range of services and products comprising the entire chain of transactions taking place in the Brazilian public capital markets, including listing of securities for trading and software licensing.  Operating pursuant to a vertically integrated business model, BVSP also performs activities through CBLC, its wholly owned subsidiary, including clearing and settlement of securities, activities as central counterparty, or CCP, and central securities depository, or CDS, in addition to offering custodial and securities lending services.  Moreover, market surveillance and oversight activities are performed independently through its and CBLC’s affiliate, Bovespa Supervisão de Mercados, or BSM.  

Banco BM&F de Serviços de Liquidação e Custódia S.A.  Organized in 2004 as a wholly owned subsidiary of BM&F in its former configuration, the BM&F Settlement Bank operates mainly to simplify the clearance and settlement of transactions traded and/or registered in our markets, in addition to serving an important function to mitigate credit risks while providing operational support.

BM&F USA Inc.  BM&F USA Inc. is our representative office located in New York City. It offers support and infrastructure for commodity brokers to operate and serve their foreign-based customers.  Our New York office manages relationships with other international regulatory authorities and entities, foreign governments and international exchanges, and performs other strategic and administrative activities, including the dissemination of information about our markets to international investors.

Bolsa de Valores do Rio de Janeiro  BVRJ is a private not-for-profit organization in which BM&FBOVESPA holds 99 membership shares, representing an 86.09% ownership interest. whose principal operations currently consist of managing and operating the electronic system for trading of government securities named SISBEX.

Bolsa Brasileira de Mercadorias  BBM, the Brazilian Commodities Exchange, is a private mutualized organization in which BM&FBOVESPA holds 203 membership shares, representing an 50,12% ownership interest.  BBM centralizes commodities trading activities across Brazil, including in the states of Ceará, Goiás, Mato Grosso do Sul, Minas Gerais, Paraná, Rio Grande do Sul, and in the city of Uberlândia (state of Minas Gerais). The purpose of the Brazilian Commodities Exchange is to establish and develop integrated spot, forward and futures markets in Brazil for agricultural commodities by adopting modern pricing mechanisms and an organized trading system.