STOCK EXCHANGES BRAZIL
BM&F Bovespa (São Paulo Stock Exchange)
The BM&F Bovespa (IPA: [bo.'ves.pa]; Portuguese: Bolsa de Valores de São Paulo) is a São Paulo-based stock exchange. It is the largest stock exchange in Latin America and the third largest in the world.[1] On May 8, 2008, the São Paulo Stock Exchange (Bovespa) and the Brazilian Mercantile and Futures Exchange (BM&F) merged, creating the new BM&F Bovespa.[2] The BM&F Bovespa is linked to all Brazilian stock exchanges, including Rio de Janeiro's Boverj (BVRJ), where only government bonds are traded. The benchmark indicator of Bovespa is the 50-stock Índice Bovespa.
Rio de Janeiro Stock Exchange
The Rio de Janeiro Stock Exchange (Bolsa de Valores do Rio de Janeiro, or BVRJ) is Brazil's second largest exchange after the Bovespa stock exchange in São Paulo. BVRJ trades in government bonds and currencies on the electronic Sisbex system. Trading hours are 10 a.m. to 4:45 p.m.
São Paulo Stock Exchange
The São Paulo Stock Exchange (BOVESPA) is the only stock trade center in Brazil and Latin America's largest stock exchange, accounting for nearly 70% of the region's trade volume. BOVESPA counts on a technological infrastructure comparable to the world's most developed markets, besides having an outstanding role among international players, being an active member of the World Federation of Exchanges (WFE), Federacion Iberoamericana de Bolsas (FIAB) and International Organization of Securities Commissions (IOSCO).
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