BOVESPA: Abyara And Santos Brasil Engage Market Maker

As of April 24 Banco UBS Pactual S.A., through its brokerage firm UBS Pactual CTVM S.A., has been acting as market maker for the stocks issued by Abyara Planejamento Imobiliário S.A. and also for the units of Santos Brasil Participações S.A.

The role of the broker is to handle bid and ask offerings and constantly help boosting liquidity and improving price formation processes for both assets, traded under the codes ABYA3 and STPB11 respectively.

In all there are 98 counting on Market Maker services; 94 equity issues (88 shares, 5 BDRs, and 1 for the ETF PIBB) and 4 are debentures traded on BOVESPA Fix, the fixed income market.

BOVESPA has authorized market makers to ensure liquidity for assets and the activity was also authorized by Brazil's Securities and Exchange Commission (CVM) on March 17, 2003, through CVM Instruction 384, and regulated by BOVESPA Resolution 293 dated July 22, 2003 (Equity) and Resolution 300 of July 20, 2004 (Fixed Income).