BM&FBOVESPA - 1st Stage: Substitution of GTS (Derivatives and Spot Foreign Exchange)

BM&FBOVESPA - 1st Stage: Substitution of GTS (Derivatives and Spot Foreign Exchange)

28/09/2011

BM&FBOVESPA is in the process of implementing the PUMA Trading System new trading platform - developed by BM&FBOVESPA and CME Group –, structured in the following stages:

  • 1st Stage: Substitution of GTS (derivatives and spot foreign exchange);
  • 2nd Stage: Substitution of Mega Bolsa (equities and equity derivatives);
  • 3rd Stage: Substitution of BOVESPA FIX (fixed-income corporate securities) and SISBEX (government securities).

In order to allow the gradual implementation of the new platform, the 1st Stage of implementation has been structured into four migration stages of the GTS instruments to the BM&FBOVESPA PUMA Trading System:

1st Migration Spot foreign Exchange contracts
2nd Migration Agricultural derivatives
3rd Migration Financial derivatives (interest rates, foreign exchange, inflation indices, gold etc.), except for derivatives based on stock indices
4th Migration Derivatives based on stock indices

 

The 1st and 2nd migration stages were successfully concluded on August 29, 2011 and September 26, 2011 respectively. Since these dates, orders sent to the Exchange for spot foreign exchange and agricultural derivatives contracts are processed exclusively by the BM&FBOVESPA PUMA Trading System.

The 3rd migration stage shall occur on October 3, 2011, when the processing of financial derivatives (except for derivatives based on stock indices) shall be transferred to the new system.

Once the 3rd migration stage is concluded, the 4th stage shall be held within a few weeks.