A World Leader In Stock Options Contracts, BM&FBOVESPA Prepares The Launch Of A Market Maker Program For The Segment

BM&FBOVESPA is preparing a launch for the coming months of a market maker program for stock options. The Brazilian Exchange obtained global leadership in stock option contracts trading in September, for the second consecutive month, according to data from the World Federation of Exchanges (WFE). In September there were 72.2 million stock option contracts traded on BM&FBOVESPA. In second and third place respectively came the Chicago Board Options Exchange (CBOE) at 58.4 million contracts and the International Securities Exchange at 53.7 million contracts.

The Exchange’s market maker program for options seeks to raise liquidity in the Bovespa segment’s options market and will come in two phases. The first phase will be for Ibovespa index options. The second phase will be for the ten largest caps, barring Petrobras and Vale which are considered the most liquid shares in the world. According to the current Ibovespa portfolio, for August to December, the ten largest caps in the index are: BM&FBOVESPA (BVMF3), Itauunibanco (ITUB4), OGX Petróleo (OGXP3), Gerdau (GGBR4), Bradesco (BBDC4), Usiminas (USIM5), PDG Realty (PDGR3), Banco do Brasil (BBAS3), Companhia Siderúrgica Nacional (CSNA3) and Itausa (ITSA4). BM&FBOVESPA is still studying the criteria selecting market makers.