Brazilian Exchanges agree merger deal

28 Mar 2008

The boards of both Brazilian derivatives exchange, BM&F, and the owner of the Brazilian stock exchange, Bovespa Holding, have approved the merger between the exchanges. The deal comes a month after the two entered negotiations regarding a tie-up.

Both exchanges hailed the deal, indicating that based on preliminary estimates and given the existing synergies, the combined organisation resulting from the proposed restructuring...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.

Brazilian Exchanges agree merger deal

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