Brazil's BM&F Bovespa, CME Agree To Cross-List Stocks Futures
March 06 2012 - 5:16PM
Dow Jones News
Brazilian securities exchange BM&F Bovespa SA (BVMF3.BR) and
Chicago's CME Group Inc. (CME) on Tuesday said they have agreed to
a cross-listing of some of their most actively traded futures
contracts, deepening the relationship between the two partners.
BM&FBovespa would list CME's futures on the S&P 500
stock index while CME, in return, will list contracts tied to the
iBovespa stock index, the companies said in a statement.
The Brazilian group, meanwhile, will also list the CME's
miniature-sized futures for soybean and oil contracts, to be
settled in Brazilian reais, they said.
CME and BM&F Bovespa, which maintain equity stakes in each
other, expect to launch their respective equity index futures in
the second half of 2012. BM&F expects to launch the mini-sized
soybean futures in the second quarter of 2012, and the WTI futures
in the third quarter of 2012, according to the statement.
-By Matthew Cowley, Dow Jones Newsiwires; +55 11 3544 7082;
matthew.cowley@dowjones.com
(Jacob Bunge contributed to this article.)
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