The BRICS Exchanges Alliance Launches Its Own Website
On May 29, 2013 BRICS Exchanges Alliance launched its own website at BRICSMART.org. The basic concept of the new website is to create a single data portal containing information on financial products and services offered by the BRICS Exchanges — members of the alliance.
The website BRICSMART.org has been designed for investors from all over the world who are interested in opportunities provided by the exchanges operating on the emerging markets. Current information on the BRICS countries, new investment products and instruments, specifications for shared contracts is available on the website. The Exchanges will update the website regularly and develop it by new sections.
On October 12, 2011 at its 51st AGM in Johannesburg, the World Federation of Exchanges (WFE) announced the initiative to establish an alliance of the stock exchanges of the BRICS emerging markets bloc. The initiative brings together BM&FBOVESPA from Brazil, the Moscow Exchange from Russia, BSE Limited from India, Hong Kong Exchanges and Clearing Limited (HKEx, China) and Johannesburg Stock Exchange (JSE) from South Africa. The mission of the alliance is to facilitate access to derivatives on the members' benchmark equity indices for international investors thereby giving them an opportunity to diversify their investment portfolios.
The first stage of the BRICS Exchanges' cooperation launched in 2012 was to cross list the derivatives on the members' benchmark equity index. At the second stage of the project members of the alliance plan to jointly develop new products for cross-listing on their exchanges. The third stage may include further cooperation in joint products design and new services development.