On Wednesday (December 07) BM&FBOVESPA was awarded the status of “Exchange of the Year ¿ South America” by the annual FOW International Awards for the recognition of players in global financial and capital markets.
BM&FBOVESPA’s performance in South America was highlighted in the “Exchanges and CCPs” category. See the extract about the Exchange from the FOW International Awards 2016 Winners’ Guide:
“Despite the ongoing challenges in the Brazilian economy, BM&FBOVESPA has continued to innovate and pioneer the development of the Brazilian and South American capital markets. Over the past five years, BM&FBOVESPA has invested in a new trading system and begun work to consolidate its clearinghouses as well as launching a new risk management system. During the judging period it also completed the migration of OTC derivatives to a new, modern and flexible platform as part of the iBalcão initiative.”
