Brazil's BM&FBovespa (BVMF3.SA) and China's state-owned Shanghai Stock Exchange will sign a deal that could lead to joint ventures between two of the world's largest exchange operators. The announcement on Thursday by BM&FBovespa, the world's fourth-largest operator, comes after a frenzied week of announced mergers that show bourses are aggressively strengthening global ties in the face of competition at home. The planned talks between the two exchanges are the latest sign of rapidly expanding financial and economic ties between Brazil and China, two of the world's fastest-growing economies and members of the BRIC group of emerging powerhouses that includes India, Russia and now South Africa.
Source
