CME Group, the world's largest and most diverse derivatives exchange, and BM&FBOVESPA, the largest exchange in Latin America, have announced that the order routing of CME Group products through BM&FBOVESPA's GTS electronic trading platform is scheduled to begin Monday, February 9.
The order routing linkage will enable customers in Brazil using GTS to directly access CME Group products, which include some of the most liquid futures and options contracts in the world on interest rates, commodities such as grains and livestock, equity indexes and foreign exchange.
The move marks the completion of the global order routing agreement following the successful September launch of BM&F products on CME Globex.
The two exchanges will offer jointly developed products to customers, including the utilization of currency contracts for settlements. The first of these products, the Euro futures contract, are listed. Also as part of the arrangement between the two exchanges, CME Group owns a 5 percent equity stake in BM&FBOVESPA and BM&FBOVESPA owns a 1.7 percent of CME Group.