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The WFE is the association of 52 regulated exchanges around the world. We develop and promote standards in markets.
Member Exchanges
BM&FBOVESPA S.A.
Tel: 55 11 2565 4000
Fax: 55 11 3107 9911
Representatives
Chairman: Mr. Arminio Fraga Neto
Chief Executive Officer: Mr. Edemir Pinto
- * - Half trading day (Short trading day) |
- ** - To replace a public holiday that falls on a Sunday |
- *** - Close early |
- **** - Will close at 1.00pm
- ο - Subject to the appearence of the moon |
- † - Subject to change |
- (I) - Weekends in Iran : Every Thursday & Friday
- (II) - Weekends in Israel : Every Friday & Saturday |
- (III) - In Malaysia, Saturday & Sunday are non-trading days
| Types of Securities Traded | Name of Trading Systems (cash and derivatives) | Trading Hours |
Equities : Stocks , Brazilian Depository Receipts(BDRs), ETFs | Equities : MEGABOLSA (NSC Trading System) | Equities : Regular time (GMT - 03:00) : from 10:00 to 17:00 (as of March 15) During daylight saving time (GMT - 02:00) : 11:00 to 18:00 (until March 12) |
Derivatives : Exchange Financial Derivatives : Futures and Options (Stock index, Interest rate, Exchange rate, Interest rate X price index, Price index, Sovereign debt Bond, Structured products; Exchange Commodity Derivatives : Futures and options (Arabica coffee, Conilon coffe, Sugar, Ethanol, Cotton, Corn, Soybean, Live cattle, Feeder cattle); OTC Derivatives : Swaps, Flexible options, Metals. | Derivatives : GTS (Global Trading System) | Derivatives : Regular time (GMT - 03:00) : from 10:00 to 17:00 - During daylight saving time (GMT - 02:00) : 11:00 to 18:00 |
| Fixed Income : Governùment bonds, Debentures, Commercial papers, Promissory notes, Certificates of deposit, Asset-backed securities and Mortage backed securities. | Fixed Income / Corporate Bonds : BOVESPA FIX / SIOPEL Trading System) | Fixed Income / Corporate Bonds : 10:00-17:00 |
Supervisory Body
Equity and Derivatives :
CVM - Comissão de Valores Mobiliarios (Brazilian Securities and Exchange Commission)
Clearinghouses : Brazilian Central Bank
Name of Clearing & Settlement Organization
BM&FBOVESPA run 4 Clearinghouses : Derivatives, FX, Securities and Equities
Settlement Cycle
1-Net settlement
- Equity - Cash : T+3
- Equity - Derivatives : T+1
Derivatives : most part of the contracts T + 1
Name of Central Securities Depository
Equity and Derivatives:
CBLC - Brazilian Clearing and Depository Corporation
Commissions on Transactions levied by Exchange
See Circular Letter 070/2008-DP and Circular Letter 076/2008-DP on the website :
Taxes on Dividends, Interests
Taxes on Dividends :
Interest : 15%