Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

BM&FBOVESPA New Trading Hours Starting From July 8, 2013

Date 08/07/2013

BM&FBOVESPA will be implementing new trading hours. The main changes now introduced include:

  • For each segment, adoption of a uniform, countrywide timetable for trading, effective throughout the year:
    • BOVESPA Segment (Equities): from 10:00 a.m. to 6:00 p.m.
    • BM&F Segment (Derivatives): from 9 a.m. to 6:00 p.m.
  • Adoption of a single timetable for closing price determination and stock index calculations, including for marking to market purposes:
    • BOVESPA Segment (Equities): 4:55 p.m. – 5:00 p.m. – closing call for all cash market securities, including odd lots; 4:50 p.m. – 5:15 p.m. – closing call for options on Bovespa Index; 4:55 p.m. – 5:15 p.m. – closing call for all options series and ETFs.
    • BM&F Segment (Derivatives): 5:00 p.m. – 5:15 p.m. – determination of settlement price for Bovespa Index futures contracts.
  • Improvements to certain trading rules in connection with the implementation of the PUMA Trading System, including, rules on pre-opening order cancellations and closing call for cash markets, odd lot market and single stock options market.