The NASDAQ OMX Group and BM&FBOVESPA will initiate exclusive discussions for the next 60 days, with the purpose of establishing a possible strategic, commercial and technological partnership.
Reportedly, the possible partnership may comprise the following services and products: The development of an order routing system between the exchanges in order to allow international investors connected to the NASDAQ OMX trading platform to send buy and sell orders for stocks traded in the BM&FBOVESPA system (MegaBolsa), and Brazilian investors connected to the BM&FBOVESPA trading platform to send buy and sell orders for stocks traded in the NASDAQ OMX system in the US. The development of a commercial agreement providing for BM&FBOVESPA to offer to publicly traded Brazilian companies’ products and services developed by NASDAQ OMX, which could be licensed by BM&FBOVESPA. The development of a commercial agreement providing for NASDAQ OMX to distribute internationally, on a non-exclusive basis, the market data related to equities trading activity in BM&FBOVESPA, and for BM&FBOVESPA to distribute, on a non-exclusive basis, the market data related to trading activity in NASDAQ OMX. The evaluation of technology cooperation opportunities for the two exchanges.
Once the exclusive discussions concludes, NASDAQ OMX and BM&FBOVESPA intend to provide further information regarding any partnership agreed to by the parties.
BM&FBOVESPA was created in 2008 with the integration between the Brazilian Mercantile & Futures Exchange and the Sao Paulo Stock Exchange.
