Edemir pinto biography of christopher
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On July 1, all of BM&FBOVESPA markets went totally electronic. The exchange has intentions of developing and forming a partnership with the Dalian Commodities Exchange in China, and possibly developing a soybean contract in conjunction. I also believe the exchanges will have to adapt to the new regulations.
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The link allows trading on Globex and BM&FBOVESPA’s GTS system.Read the John Lothian Newsletter. The partnership between CME Group and BM&FBOVESPA also allows Brazilian investors to trade CME Group products directly through the GTS system. The faster we are able to bring about a sense of stability, robustness and solidity to the markets the better it is for the investors, and consequently, for the world markets.
A: We are striving towards the goal of transforming BM&FBOVESPA into a financial hub of Latin America and also into a global exchange. Today, BM&FBOVESPA has a state-of-the-art trading environment that offers an array of products, such as stocks, derivatives, OTC, public bonds, among others.
Many of President Obama’s regulatory proposals for the markets have been put into practice in Brazil for many years. Currently, the exchange has a carbon market model that includes an electronic registration system, whose main purpose is to provide a free-of-charge public domain where Clean Development Mechanism (CDM) projects can be viewed by interested parties throughout the world.
The exchange has carried out two credit auctions for the sale of Certified Emission Reductions (CERs) held by the São Paulo Municipal Government. I firmly believe that the exchange has an enormous potential for the future. Both auctions have proved to be a success.
The vertically integrated trading systems at BM&FBOVESPA, together with Brazil’s efficient regulation of its capital markets, contribute to the security of Brazilian markets.
The exchange’s business model offers four clearing houses – equity, derivatives, foreign exchange, and securities – as well as a full service central securities depository.
Currently, BM&FBOVESPA has a representative office in Shanghai, one in New York, and another, recently opened in London.
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Edemir Pinto
Edemir Pinto is CEO of BM&FBOVESPA, which was created by the merger of BM&F and Bovespa.
What has that merger done for the exchange over the past year and what has been your biggest challenge as CEO?
A: The merger has strengthened the Brazilian capital markets and has created the largest exchange in Latin America and one of the largest in the world in terms of market value. What role do you see global exchanges playing as the global economy attempts to come back amidst major regulatory reforms?
Q: CME Group, which holds a 5 percent stake in your exchange, has a link to your exchange and vice versa. Read the John Lothian Newsletter.