Rofex to merge with cash market
The Rosario Futures Exchange is set to merge with its sister equity market, Mercado de Valores de Rosario (Mervaros), after signing a letter of intent yesterday (March 17).
The exchanges said the move was designed to create synergies between the complementary products offered on either bourse. “Our clients will perceive an important benefit from the integration of securities and derivatives trading, as well as from the participation of the agricultural and financial sector,” said Rofex’s president, Luis Ossola, in a statement.
Interbank deposit trading sparks record volumes at BM&FBM&F Bovespa has said yesterday (March 17) was a record day of trading for its derivatives segment, exceeding the previous record by more than a million contracts. Some 5.7m contracts were traded, beating the previous record of 4.35m contracts, set on April 17 2008.The record is largely due to the large volume of One Day Interbank...