BM&FBovespa SA wants to purchase up to 15 percent of every major stock exchange operator in Latin America in a move to assert the influence of Brazil's sole listed bourse across the region, Chief Executive Officer Edemir Pinto told the Financial Times. S�o Paulo-based BM&FBovespa, which was created after the tie-up of two arch-rivals in 2008, hired two banks last month to acquire stakes in the main exchanges of Mexico, Colombia, Chile, Peru and Argentina, Pinto said in an interview with the FT published on Monday.He added that the goal of those purchase is to ensure a board seat on each of the bourses.Pinto's remarks underscore a trend among the world's largest exchanges, which are building up stakes in some rivals to tap into the potential of some of the world's fastest-growing capital markets. CME Group Inc, which owns a stake in BM&FBovespa, and Nasdaq OMX Group Inc are among bourse operators increasing their foothold in countries across Latin America and Asia.The media office of BM&FBovespa did not respond immediately to requests for comment on the FT story, but an external public relations executive working for the bourse said the content of the article accurately reflected Pinto's comments.
CME Group Inc. (CME Group) offer a range of global products across all asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. Shares of CME fell by 0.53% or $-0.445/share to $83.14. In the past year, the shares have traded as low as $66.44 and as high as $86.40. On average, 1557850 shares of CME exchange hands on a given day and today's volume is recorded at 1159799.
The NASDAQ OMX Group, Inc. (NASDAQ OMX) is a holding company. Shares of NDAQ fell by 0.14% or $-0.06/share to $44.10. In the past year, the shares have traded as low as $33.49 and as high as $44.65. On average, 932958 shares of NDAQ exchange hands on a given day and today's volume is recorded at 957891.
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