BM&F BOVESPA Contracts NYSE Euronext to Upgrade its Electronic Trading Platform for Equities Markets
November 3, 2008 – NYSE Euronext (NYX) and BM&F BOVESPA announced that NYSE Euronext Advanced Trading Solutions, the commercial technology unit of NYSE Euronext, has been contracted to develop and implement an upgrade of the electronic cash equity and options trading platforms. The NSC platform, which offers world-class latency and an enhanced feature set for market participants, is expected to go live in the first quarter of 2009.
"BM&F BOVESPA is a recognized leader in trading a range of products with customers all over the world," said Sam Johnson, co-Head, NYSE Euronext Advanced Trading Solutions. "NYSE Euronext Advanced Trading Solutions is proud to be working with BM&F BOVESPA to deploy our latest version of the NSC trading platform that, upon installation, will immediately offer their customers industry-leading micro-second performance and reliability."
"As we continue to experience strong customer demand and volume growth, we need a technology partner with an exceptional track-record and proven commitment to delivering top-quality technology across asset classes," said Cicero Vieira, Chief Operating Officer, BM&F BOVESPA. "At BM&F BOVESPA, we are dedicated to ensuring fast, efficient and reliable access to Brazilian markets and we are pleased to continue to meet that objective through our partnership with NYSE Euronext Advanced Trading Solutions."
BM&F BOVESPA has been utilizing NYSE Euronext Advanced Trading Solutions’ NSC suite to run their trading platform, MEGA BOLSA, since 1997. The new version of NSC, which is also running successfully on Euronext Paris, is the latest upgrade from the previous version of the platform currently running the BM&F BOVESPA cash equity and options markets.
BM&F BOVESPA SA (www.bmfbovespa.com.br) was created in 2008 by the merger of the Bovespa Holding SA and the Brazilian Mercantile & Futures Exchange-BMF SA, the two largest exchanges in Latin America.
The new company establishes itself as a leading Latin American exchange and one of the world’s largest exchanges in market value. BM&FBOVESPA has the largest stock and derivatives markets in Latin America and possesses a totally integrated business model, with four clearing houses – equity, derivatives, foreign exchange, and securities – as well as a full service central securities depository. The Exchange offers a complete array of financial products for trading equity, derivatives, commodities, OTC, and structured transactions, among them are indexes, interest rate, foreign exchange, sovereign debt instruments, coffee, live cattle, soybean, corn, sugar, and ethanol contracts, and also environmental products. Transactions at BM&FBOVESPA follow a hybrid model, with trading systems and platforms that encompass floor, electronic, and internet trading (through either WebTrading or Homebroker
systems), which allow its clients to trade stocks, hedge against risks, arbitrage prices between markets and/or securities, diversify investment allocations and leverage investment strategies
About NYSE Euronext Advanced Trading Solutions
A unit of NYSE Euronext (NYX), NYSE Euronext Advanced Trading Solutions is a leader in providing complete connectivity, data management and transaction solutions for trading firms, vendors and financial markets throughout the world. Offering a suite of comprehensive, best-of-breed commercial technology solutions that include advanced end-to-end market data management, global exchange connectivity and matching technologies, co-location systems, and super low-latency order routing capabilities, NYSE Euronext Advanced Trading Solutions' products attract and enable the free flow of liquidity for high-volume markets around the world. This unit operates SFTI, one of the world's largest, most reliable financial transaction networks; NYSE TransactTools, the high-performance, end-to-end connectivity software; and Wombat, offering the industry's most advanced platform for real-time market data distribution and integration. With offices across the U.S., Europe, Singapore and Japan, NYSE Euronext Advanced Trading Solutions' commitment to superior development, engineering and customer service has earned the trust to power the trading operations of hundreds of global financial institutions, including core technology for 17 of the world's 20 largest securities firms. For additional information visit: http://www.nyse.com/tradingsolutions.
About NYSE Euronext
NYSE Euronext (NYX) is the world’s leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext’s exchanges include the New York Stock Exchange, Liffe, Euronext and NYSE Arca. With more than 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext’s equity markets represents more than one-third of the world's cash equities volume. NYSE Euronext also manages the leading European derivatives exchange by value of trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2007 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.