NASDAQ OMX, BRAZILIAN EXCHANGE DISCUSS POSSIBLE PARTNERSHIP

Posted August 27, 2009

NEW YORK – The Nasdaq OMX Group Inc. and BM&FBOVESPA announced plans to discuss, for 60 days, a possible strategic, commercial and technological partnership. [BM&FBOVESPA began in 2008 from the merger of the Brazilian Mercantile and Futures Exchange and the São Paulo Stock Exchange].

The partnership may include collaboration on an order routing system, market data distribution, and cooperation on operations technology.

In their joint statement, Nasdaq and BM&FBOVESPA added:

  • Order routing between the exchanges would allow international investors on the Nasdaq OMX trading platform to buy and sell stocks traded on the BM&FBOVESPA system, and Brazilian investors could use the BM&FBOVESPA trading platform to transact stocks in the Nasdaq OMX system in the US.

  • BM&FBOVESPA could offer publicly traded Brazilian companies' products and services developed by Nasdaq OMX, which could be licensed by BM&FBOVESPA. These products and services are designed to support and facilitate activities of publicly traded companies, such as those related to investor relations, structuring and management of board of directors, issuance of press-releases and communications to the market and analysts, among others.

  • Nasdaq OMX could distribute internationally, on a non-exclusive basis, market data related to equities trading activity in BM&FBOVESPA, and BM&FBOVESPA to distribute, on a non-exclusive basis, the market data from Nasdaq OMX trading.

   
     

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