The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

CME Group Announces Launch of Ibovespa Futures Contract

Tuesday, September 11, 2012

CME Group Announces Launch of Ibovespa Futures Contract08:30 EDT Tuesday, September 11, 2012Agreement Builds Upon Relationship with BM&FBOVESPA Providing New Trade Opportunities for Customers and New Sources of Liquidity for Benchmark ProductsCHICAGO, Sept. 11, 2012 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of U.S. Dollar Denominated Ibovespa Futures to begin trading on October 22, 2012. These contracts are listed with, and subject to, the rules and regulations of CME. "This cross-listing arrangement allows us to provide our core promise: ease of access, as well as more ways to manage risk for our global customers," said Scot Warren, Senior Managing Director, Equity Index Products and Services at CME Group. "This new cross-listing arrangement provides our customers access to Brazil's key benchmark product. This initiative will allow our clients to improve their ability to manage market and counterparty credit risk exposure across various asset classes.""Our long-standing strategic partnership with CME Group allows us to offer products such as this which will provide exposure to Brazil with collateral efficiencies since CME Clearing will clear the product," said Marcelo Maziero, BM&FBOVESPA Chief Product and Customer Officer.The Ibovespa is a total return index of 69 stocks traded on BM&FBOVESPA, the Brazilian Stocks, Mercantile & Futures Exchange. The index is comprised of a theoretical portfolio of the stocks that accounted for 80 percent of the volume traded in the last 12 months and that were traded on at least 80 percent of the trading days. On September 6, 2012, the components of Ibovespa represented 78.1 percent of all the stock market capitalization. Due to the fact that the Sao Paulo Stock Exchange updates the theoretical portfolio of the Ibovespa every four months, there may be changes in its composition during the life of a futures contract.For more information regarding this update, please visit our international partnership page: http://www.cmegroup.com/international/partnership-resources/bmfbovespa-resources.html. As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.  CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered 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. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com. CME-GSOURCE CME GroupFor further information: Media, Michael Shore, +1-312-930-2363 or Alex Gorbokon, +1-312-930-3193, news@cmegroup.com, www.cmegroup.mediaroom.com; or Investors, John Peschier, +1-312-930-8491