USD-Denominated Ibovespa Futures

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Easy, Efficient Access to Brazil’s Emerging Market

Investors continue to be drawn to the emerging market opportunities of the Brazilian economy for the steady, consistent growth and diversification potential it provides. The popularity of BRIC strategies has fostered a need for relevant, capital-efficient tools to manage and hedge Brazilian exposure.

Through its partnership with BM&FBOVESPA, CME Group offers U.S. Dollar (USD)-denominated Ibovespa futures based on the leading indicator for the Brazilian equity market. With the addition of this contract, you can take advantage of:

  • Benchmark exposure to Brazil with a single trade
  • U.S. dollar-denominated trading
  • One marketplace to manage your global equity exposure

Key features include:

  • Electronic trading and global distribution on CME Globex
  • Substantial counterparty credit risk mitigation through CME Clearing
  • Capital efficiency and price transparency of futures
  • Flexible execution with block and Basis Trade at Index Close (BTIC) block trading

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 every four months, its theoretical portfolio is composed of stocks that

  • Account for 85% of the tradability ratio, as defined by the BVMF
  • Were traded on at least 95% of the trading days in the last 12 months
  • Represent no more than 20% of the index at the reference date of rebalancing

BM&FBOVESPA Partnership

Ibovespa (USD) futures contract on CME Globex was made possible by CME Group’s strategic partnership with BM&FBOVESPA, the largest equity and futures exchange in Latin America and the world’s third largest exchange. A cross-listing arrangement announced in March 2012 gives customers of both exchanges access to key, globally relevant benchmark products.

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

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