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CME Canadian Metals Inc

0.135
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canadian Metals Inc CSE:CME CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.135 0.135 0.165 436 20:40:00

CME Group and BM&FBOVESPA Surpass Two Million Contracts Traded in Order Routing Agreement

08/07/2009 2:00pm

PR Newswire (US)


Canadian Metals (CSE:CME)
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CHICAGO and SAO PAULO, July 8 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, and BM&FBOVESPA, the largest exchange in Latin America, announced that more than two million contracts have now traded as a result of their order routing agreement that was fully implemented on February 9, 2009. The order routing linkage enables customers outside of Brazil for the first time to directly access BM&F segment products on CME Globex(R), and customers inside Brazil using GTS, one of BM&FBOVESPA's electronic trading platforms, to directly access CME Group products. "Facilitating CME Group customer access to BM&F segment products has opened up an entire new set of opportunities for customers outside of Brazil to gain exposure to the Brazilian marketplace," said Rick Redding, CME Group Managing Director of Products and Services. "With one connection, our customers have an entree to products for one of the most closely followed economies in the world." "This new direct access to our markets has been very well received and we now look forward to expanding contract offerings to customers even further with new jointly developed products from CME Group and BM&FBOVESPA. Through this week, more than 2.2 million contracts were traded, representing more than 227,000 transactions, totaling over R$177.36 billion," said Cicero Augusto Vieira Neto, BM&FBOVESPA Chief Operations Officer. The order routing agreement includes access to 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 listed at CME Group, and One Day Inter-Bank Deposits, the Bovespa Stock Index, which is pending regulatory approval, and commodities such as Arabica coffee, live cattle and corn available at BM&FBOVESPA. Also as part of the arrangement between the two exchanges, CME Group owns a 4.9 percent equity stake in BM&FBOVESPA, and BM&FBOVESPA owns a 1.7 percent equity stake in CME Group. CME Group (http://www.cmegroup.com/) is the world's largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York. By acting as the buyer to every seller and the seller to every buyer, CME Clearing virtually eliminates counterparty credit risk. CME Clearing also offers financial safeguards to help mitigate systemic risk, providing the security and confidence market participants need to operate, invest and grow. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. CME Group is listed on NASDAQ under the symbol "CME." The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. CME Group is the parent company of CME, CBOT and NYMEX. The CME, CBOT and/or NYMEX Rulebook should be consulted as the authoritative source on all current contract specifications. Further information about CME Group and its products can be found at http://www.cmegroup.com/. BM&FBOVESPA S.A. - Securities, Commodities and Futures Exchange was created in 2008 with the integration between the Brazilian Mercantile & Futures Exchange (BM&F) and the Sao Paulo Stock Exchange (Bovespa). Together, the companies have formed the fourth largest exchange worldwide in terms of market capitalization, the second largest in the Americas, and the leading exchange in Latin America. In today's global scenario, in which responding quickly to transformation has become a competitive asset, BM&FBOVESPA is an attractive investment option with cost efficient trading fees. Among its broad range of trading products, the new Exchange offers equities, securities, financial assets, indices, interest rates, agricultural commodities, and foreign exchange futures and spot contracts. As a leader in the Latin American market of equities and derivatives, BM&FBOVESPA's mission is to act in the macroeconomic growth dynamic of the Latin American market, and in doing so to position not only itself but also Brazil as an international financial hub for equities, commodities, and other financial instruments, with operational excellence and socially responsible attitudes. CME-G DATASOURCE: CME Group CONTACT: Media, Mary Haffenberg, +1-312-930-3435, or Allan Schoenberg, +1-312-930-8189, , or Investors, John Peschier, +1-312-930-8491, all of CME Group; or Media, Carmen Barcellos, 55 11 32332372, , or Investors, Carlos Kawall Leal Ferreira, 55 11 3119 2007, , both of BM&FBOVESPA Web Site: http://www.cme.com/ http://www.bmfbovespa.com.br/ http://ri.bmfbovespa.com.br/

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