BM&FBOVESPA presented at beginning of August its new fee policy for the transactions carried out by High-Frequency Traders (HFTs) in the Bovespa and BM&F market segments. All investors will benefit from this policy by way of increased liquidity and tighter spreads which are a direct result of the increased participation of High-Frequency Traders. The new policy will be implemented in two stages, in accordance with the timetable described below:
Stage 1: November 2010: The Exchange will provide registered HFTs with a scaled fee structure based on volumes traded. |
All participants (HFTs) who desire to access the HFT policy discount entitlements by November 1, 2010 must submit the registration request by no later than August 31, 2010
For the complete information, access the Circular Letter and the Annex I with the registration request. Click here.
