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					                        Título da apresentação




ENHANCING RAPPORT WITH MEMBERS,
  SHAREHOLDERS AND REGULATORS

         CSD10 - BUDAPEST

                      Amarílis Sardenberg
                              21 May, 2009
                                                                         Securities, Commodities and Futures Exchange

                                    Key Highlights                                                                            Trading Volume (ADTV) – Equities Market
                                                                                                               3,600                                                         3,119
    largest exchange(*) and the 5th futures exchange(**) in the
 4th                                                                                                          3,200
 world                                                                                                                                                               2,554
                                                                                                               2,800

                                                                                                               2,400




                                                                                          Million Dollars
                                                                                                                                                                                      1,819
        equities and derivatives exchange in Latin America
 Largest
                                                                                                               2,000
 and only futures exchange in Brazil
                                                                                                               1,600
                                                                                                                                                             1,120
                                                                                                               1,200
 Equities   market: average trading volume of USD 1.8 million
                                                                                                                800
                                                                                                                                                       666
 per day                                                                                                                                        419
                                                                                                                400
                                                                                                                        265      197    271

 Derivatives market:average trading volume of 1.3 million                                                        0
                                                                                                                       2001     2002   2003    2004   2005   2006    2007    2008    2009
 contracts per day or USD 48 billion per day                                                                                                                                         Jan-Feb



 High   growth trajectory
                                                                                                                          Trading Volume (ADTV) – Derivatives Market

 Vertically integrated         business model – trading and CCP                                               1,800                                                 1,740
                                                                                                                                                                             1,573
                                                                                                               1,600                                                                 1,305
 USD    49 billion deposited as collateral                                                                    1,400
                                                                                                                                                             1,153
                                                                                          Thousand contracts


                                                                                                               1,200
 Multi-asset class       exchange                                                                             1,000                                   801
                                                                                                                800
                                                                                                                                                737
 September       07 – Demutualization                                                                                                   483
                                                                                                                600
                                                                                                                                 425
                                                                                                                        398
                                                                                                                400
 November       07 – IPO
                                                                                                                200

                                                                                                                  0
 May    08 – BM&F - BOVESPA merger                                                                                    2001     2002   2003    2004   2005   2006    2007    2008    2009
                                                                                                                                                                                     Jan-Feb
  (*) Based on the market capitalization   (**) Based on the number of contracts traded
                                     Securities, Commodities and Futures Exchange



                                                          Market Capitalization
               Stock Exchange Ranking
                                                        at 15 May, 2009 (US$ MM)

   1     Chicago Mercantile Exchange                           18,401.07
   2     Deutsche Boerse                                       15,681.07
   3     Hong Kong Exchange and Clearing                       14,393.10
   4     BM&FBOVESPA                                          10,534.12
   5     Intercontinental Exchange                             7,058.59
   6     Nyse Euronext                                         6,289.40
   7     Singapore Exchange                                    5,102.26
   8     Australia Exchange                                    4,241.56
   9     Nasdaq OMX Group                                      3,614.03
   10    London Stock Exchange                                 2,772.51


Source: Bloomberg
                          Securities, Commodities and Futures Exchange


BM&FBOVESPA Services

                                                                    Government
                 Equities          Derivatives       Spot FX
MARKETS         MegaBolsa             GTS              GTS
                                                                      Bonds
                                                                      Sisbex



CLEARING                            Equities                        Government
                 Equities                            Spot FX                       Fixed Income
& SETTLEMENT                       Derivatives                        Bonds




CENTRAL                    Fixed      Corporate
                                                    Asset-
                                                                Fund             Gold     Agro-
               Equities                            Backed               REITs
DEPOSITORY                Income       Bonds
                                                  Securities
                                                               Quotas            metal   business




                      BM&F Settlement Bank
                         Securities, Commodities and Futures Exchange

Corporate Governance

 BM&FBOVESPA has high standards of corporate governance,
  system by which businesses are directed and controlled
  comprising the relationship between shareholders, directors,
  officers, independent auditors and the supervisory board
 The BM&FBOVESPA shares are traded at "Novo Mercado" -
  the special listing segment for trading of shares issued by
  companies voluntarily undertaking to abide by corporate
  governance practices and disclosure requirements which exceed
  those already imposed by Brazilian law
                          Securities, Commodities and Futures Exchange

Public Company Owned

 Responsible for report any relevant fact with transparency and
  consistency to the role market
 Any corporate fact is public and stakeholders and shareholders
  are quickly reached by press, vendors and internet



 COMMUNICATION IS MORE THAN A VEHICLE…
      Securities, Commodities and Futures Exchange




… IT IS A STRATEGY!
                         Securities, Commodities and Futures Exchange

Means of Communication

 Market participants are communicated by a wide electronic path

         HOW                                       WHO

         E-mails
                                      Regulators     Clearing Members
         Internet
                                      Custodians     Settlement Banks
          Press
                                       Brokers             Issuers
         Intranet
                                       Dealers           Shareholders
         Website                       Vendors             Others…

      Memorandums
                                                  Securities, Commodities and Futures Exchange

Communication                                               Investment
    Flow                             Commercial
                                                               Banks
                                                                               Custodians
                                       Banks




                     Institutional
                       Investor                                                               Brokers




                                                      Trading     Settlement
                                                      System        System

                                                          CSD       CCP
                           Vendors                                                          Assets
   Infra-structure

   Market Participants

   Participants Infra-structure
                                                                                Others...
   Communication                           Dealers
   Communication between                                           Issuers
   Market Participants
                                                  Securities, Commodities and Futures Exchange

Communication                                             Investment
    Flow                             Commercial
                                                             Banks
                                                                              Custodians
                                       Banks




                     Institutional
                       Investor                                                              Brokers




                                                        Market participants
                                                        communication hub

                           Vendors                                                         Assets
   Infra-structure

   Market Participants

   Participants Infra-structure
                                                                               Others...
   Communication                           Dealers
   Communication between                                           Issuers
   Market Participants
                             Securities, Commodities and Futures Exchange

Post-Trading Information

 Trading, Custody and Risk Management


             IPE                      Issuers



               Securities Executive
                  Commission                    BM&FBOVESPA
                              Securities, Commodities and Futures Exchange

Communication Flow

INFORMATION FOR INVESTORS
 Monthly Statements and Investors’ Electronic Channel
   – More than bulletins on their holdings negotiation, the instruments act
     as capital market cultural transmitters warning investor’s rights
                  Título da apresentação




www.bmfbovespa.com.br

				
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