B3 S.A. - Brasil, Bolsa, Balcao (Brazil)

B3 - Brasil, Bolsa, Balcao S.A. (BM&F BOVESPA) was created in 2008 by the merger of the Bovespa Holding SA and the Brazilian Mercantile & Futures Exchange-BMF SA, the two largest exchanges in Latin America The new company establishes itself as a leading Latin American exchange and one of the world's largest exchanges in market value. BM&FBOVESPA has the largest stock and derivatives markets in Latin America and possesses a totally integrated business model, with four clearing houses, equity, derivatives, foreign exchange, and securities as well as a full service central securities depository. The Exchange offers a complete array of financial products for trading equity, derivatives, commodities, OTC, and structured transactions, among them are indexes, interest rate, foreign exchange, sovereign debt instruments, coffee, live cattle, soybean, corn, sugar, and ethanol contracts, and also environmental products. Transactions at BM&FBOVESPA follow a hybrid model, with trading systems and platforms that encompass floor, electronic, and internet trading (through either WebTrading or Homebroker systems), which allow its clients to trade stocks, hedge against risks, arbitrage prices between markets and/or securities, diversify investment allocations and leverage investment strategies.