Ibovespa Future Contract Is Now Available For Trading At CME Group In Chicago


CME Group launched today (22nd October) the U.S. Dollar-Denominated Ibovespa Futures a cross listing product in partnership with BM&FBOVESPA.

The contract, which is listed at CME and cleared through CME Clearing, will be traded on the CME Globex electronic trading platform offering:

  • Benchmark exposure to the Brazil with a single trade
  • USD trading and settlement
  • Ease of access through existing futures account and clearing relationships
  • Spreading opportunities with S&P 500 futures and other equity index contracts
  • Enhanced ability to manage global equity exposure from one marketplace

About the Underlying Index

The Bovespa Index, or Ibovespa, is a leading indicator of the Brazilian stock market’s average performance, and comprises nearly 70 stocks traded on the Sao Paulo Stocks, Mercantile & Futures Exchange. Revised quarterly, its theoretical portfolio is composed of stocks that:

  • Account for 80% of the volume traded in the last 12 months
  • Were traded on at least 80% of the trading days; on average
  • Collectively, represent 70% of all the stock value traded