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The Brazilian Securities, Commodities and Futures Exchange
Brazilian Federal Taxpayer (CNPJ) No.09.346.601/000125
State Registration (NIRE) No. 35.300.351.452
Notice to the Market
Trading and Settlement/Clearing Fees (Rebalancing Policy) and the Block Trading
BM&FBOVESPA S.A. Bolsa de Valores, Mercadorias e Futuros (the "Company")
announced that, on February 8, 2011, will submit to the brokers, a presentation
regarding the revision of its fee structure.
The purpose of this review is to realign the trading and posttrading activities' fees,
adjusting them to the Company's cost structure, with no impact on overall transaction
costs for investors who trade in the BM&FBOVESPA markets.
This review is tied to the adoption of new accounting principles, pursuant to Law
11.638, since September 2010, which motivated the process of revision of costs and
results related to trading and posttrading activities. The studies so far have shown
evidence that the costs currently associated with posttrading activities represent at
least 65% of the Companys total costs.
On the same occasion, the Company will also present its project to develop a trading
platform for large orders in the stock market (Block Trade Facility), opportunity when
will be discussed issues related to the reduction of the impact on the price and market
volatility, possible impacts on the regular market, operational model, international
experiences, definitions and examples of block trading systems and required
regulatory approvals.
So Paulo, February 1
, 2011.
Eduardo Refinetti Guardia
Investor Relations Officer