Volumes rise at Brazil exchange

Solid results from BM&FBovespa highlight how some exchanges in emerging economies have fared better than their US and European counterparts

BM&FBovespa, the Brazilian stock and derivatives exchange, enjoyed an uptick in trading across futures and equities last year as developed market exchanges struggled amid slumping volumes.

The exchange, a product of the 2008 merger between the Brazilian Mercantile and Futures Exchange and the Sao Paulo Stock Exchange, reported record total trading volumes on the BM&F futures market of 689m contracts in 2012, up 4.3% on 2011. The exchange also saw the number of exchange-traded funds contracts traded grow 50% on 2011 levels.

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