What is BM&F Bovespa?
BM&F Bovespa is a Brazilian stock exchange with headquarters in São Paulo. It is one of the world’s biggest stock exchanges, with a market cap of $1.5 trillion.
Where have you heard about BM&F Bovespa?
According to Forbes, BM&F Bovespa is the 10th biggest stock exchange in the world. Its market performance is regularly reported in financial news.
Following Donald Trump winning the US Presidency in 2016, the BM&F Bovespa index, which had risen by 50% between January and October 2016, fell by 5.1%.
What you need to know about BM&F Bovespa.
BM&F Bovespa was created in 2008 after a merger between the São Paulo Stock Exchange (Bovespa) and the Brazilian Mercantile and Futures Exchange (BM&F). At the time, this merger created the world's second largest stock exchange.
It has a commercial agreement with Chicago's CME Group. Each stock exchange owns a 5% stake of the other and the partnership allows for cross listing of products.
BM&F Bovespa is a founding member of the United Nations Sustainable Stock Exchanges initiative. As well as its headquarters in São Paulo, BM&F Bovespa has international offices in London, New York and Shanghai.