Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index: 100,348.77 +134.52

Trading Via DMA At BM&FBOVESPA Reaches 10,438,031 Contracts Traded On The Derivatives Segment And 10,921,826 Trades On The Equities Segment - Order Routing With CME Group Increases From 1,785,549 To 3,246,598 Contracts Traded

Date 03/11/2009

In October, Direct Market Access (DMA) trading of the derivatives* market segment at the Brazilian Securities, Commodities and Futures Exchange – BM&FBOVESPA reached a total of 10,438,031 contracts traded, with 1,210,689 trades carried out through the GTS trading platform. In September, the total was 7,800,461 contracts traded in 731,377 trades. The volumes registered by access modality in October in comparison to the previous month are as follows:
  • Traditional DMA – 5,590,649 contracts traded, in 516,459 trades, in comparison to 4,649,846 contracts traded and 455,580 trades;
  • Via DMA Provider – 1,356,018 contracts traded, in 36,414 trades, in comparison to 1,217,992 contracts traded and 25,793 trades;
  • DMA via order routing with CME Globex (CME Group's electronic trading platform) – 3,246,598 contracts traded, in 617,938 trades, in comparison to 1,785,549 contracts and 233,953 trades.
  • DMA via co - location – 244,766 contracts traded, in 39,878 trades, in comparison to 147,074 contracts traded, in 16,051 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 via order routing with CME Globex is also a form of DMA model 2. DMA model 3 allows direct access to the Exchange's electronic derivatives trading platform without technological infrastructure of a brokerage house or DMA provider. In model 4 or DMA via co-location, the clients install their own equipment inside the BMFBOVESPA facilities.

In October, equities* market segment transactions carried out through order routing via Direct Market Access (DMA) registered a financial volume of BRL 130.42 billion and 10,921,826 trades. In September, the financial volume was BRL 92.26 billion and 8,026,749 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.

Note: DMA modality traded volumes includes both ends of the transaction (buy and sell).