Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

BM&FBovespa to Change Fees for Stock Trading in March, CEO Says

Feb. 20 (Bloomberg) -- BM&FBovespa SA, the operator of Latin America’s biggest securities exchange, will change the fees it charges for stock trading to bring them closer to international prices, Chief Executive Officer Edemir Pinto said.

The new charges will be announced on Mar. 5, Pinto said in a meeting with analysts at BM&FBovespa headquarters in Sao Paulo today. He declined to give further details.

“The new pricing policy will be more adequate to the conditions in the Brazilian market,” Pinto said. The changes shouldn’t have an impact of BM&FBovespa’s earnings this year, he said.

Shares fell 1.9 percent to 13.27 reais at 1:57 p.m. in Sao Paulo today, the lowest on a closing basis in 10 weeks, after the exchange reported fourth-quarter profit that trailed estimates. Adjusted net income was 379.4 million reais ($193.4 million) in the three months ending in December, which compares with an average forecast of 396.2 million reais among six analysts surveyed by Bloomberg.

To contact the reporter on this story: Ney Hayashi in Sao Paulo at ncruz4@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.