During the month of March, Direct Market Access (DMA) trading at BM&FBOVESPA’s derivatives market segment reached a historic record of 18,404,891 contracts traded, in 1,93,044 trades, in contrast to the records registered in the previous month of 12,537,023 contracts traded, in 1,485,032 trades. During the same period, DMA trading via order routing with CME Group’s Globex also reached a record 3,931,514 contracts traded, in 1,039,213 trades. The previous trading records were 3,246,598 contracts traded (set in October 2009) and 816,205 trades (set on February 2010).
The volumes registered by access modality in March in comparison to the previous month are as follows:
Traditional DMA – 9,245,230 contracts traded, in 669,288 trades, in comparison to 5,807,581 contracts traded and 505,698 trades;
Via DMA Provider – 4,646,935 contracts traded, in 91,217 trades, in comparison to 3,200,086 contracts traded and 75,421 trades;
DMA via order routing with CME Globex (CME Group's electronic trading platform) –3,931,514 contracts traded, in 1,039,213 trades, in comparison to 3,171,892 contracts and 816,205 trades;
DMA via co-location – 581,212 contracts traded, in 183,326 trades, in comparison to 357,464 contracts traded, in 87,708 trades.
*Direct access to the Exchange's derivatives market segment is carried out through DMA models 1, 2, 3 and 4. In model 1 or traditional, the client accesses the GTS through the technological infrastructure of the brokerage house. In model 2 or via DMA provider, the client does not use the previously mentioned structure and connects to the system through an authorized access provider. DMA model 3 allows direct access to the Exchange's electronic derivatives trading platform. In model 4 or DMA via co-location, the clients install their own equipment inside the BM&FBOVESPA facilities. DMA via order routing with CME Globex is also a form of DMA model 2.
BOVESPA segment
In March, equities* market segment transactions carried out through order routing via Direct Market Access (DMA) registered a financial volume of BRL 136.86 billion and 11,867,547 trades. In February, the financial volume was BRL 112.32 billion and 9,546,982 trades, respectively.* Direct access to the equities market segment is carried out through DMA model 1. Also known as traditional model, in this type of DMA the client accesses the Mega Bolsa through technological intermediation of the brokerage house.
Notes:
DMA modality traded volumes includes both ends of the transaction (buy and sell).
The volumes registered by access modality in both the equities and the derivatives market segments have been presented in a consolidated manner in the BM&FBOVESPA market performance report since May 2009.