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Group Companies

*The ownership structure will change considering the approval of the business combination between BM&FBOVESPA and CETIP.

BM&FBOVESPA S.A. — Securities, Commodities and Futures Exchange

BM&FBOVESPA is a company whose main objectives are to manage organized markets, for bonds, securities and derivatives contracts, and to provide registration, clearing and settlement services, acting mainly as a central counterparty for the financial settlement of transactions carried out in the markets it manages. BM&FBOVESPA offers a wide range of products and services for trading stocks, bonds, fixed-income securities, spot market currencies and exchange-traded derivatives based on equities, FX and interest rate indices, commodities, foreign currencies, and other financial assets. It also offers listing services for companies and other issuers of securities, operates as a central securities depository, a securities lending facility; and software licensing. BM&FBOVESPA has a diversified and integrated business model which offers a complete custody system, and all transactions are routed exclusively by electronic means. BM&FBOVESPA makes it possible for customers to conduct transactions for the purchase and sale of shares, the transfer of market risk (hedge), the arbitrage of prices between markets and/or assets, the diversification of investment allocation, and the leveraging of positions.

BM&FBOVESPA Settlement Bank (Banco BM&FBOVESPA de Serviços de Liquidação e Custódia S.A.)

The BM&FBOVESPA Settlement Bank was first organized in 2004 as a wholly-owned subsidiary of the former Mercantile and Futures Exchange, with the purpose of facilitating the clearing and settlement of transactions carried out in the markets managed by BM&F, and acting as an important mechanism for risk mitigation and operational support.

BM&F (USA) Inc.

BM&F USA Inc. is a wholly-owned subsidiary based in New York, which also operates our representative office in Shanghai, China. It operates in these regions as a cross-border representative office, establishing professional relationships with other exchanges and market regulators. It also prospects customers for the markets we manage and disseminates information about the Brazilian market.

BM&FBOVESPA (UK) Ltd.

BM&FBOVESPA (UK) Ltd. is a wholly-owned subsidiary based in London. Since its opening in 2009 it has been promoting the Exchange, its markets, and products and services to institutional investors in Europe, the Middle East and Africa (EMEA). It establishes professional relationships with market regulators, governmental entities, and the exchanges of the region, and assists in prospecting new customers for our markets.

Rio de Janeiro Stock Exchange, or BVRJ (Bolsa de Valores do Rio de Janeiro)

BVRJ is an inactive stock exchange. BM&FBOVESPA holds 99 BVRJ membership certificates, corresponding to 86.09% majority participation. Since 2004, it has been renting space in its headquarters building where interested parties can hold a variety of events.

BM&FBOVESPA Institute (Instituto BM&FBOVESPA)

The BM&FBOVESPA Institute is a civil society organization, which was created in 2007 for the purpose of integrating and coordinating our social investment projects. The BM&FBOVESPA Institute is not consolidated in our financial statements.

BSM, or BM&F Market Supervision (BM&FBOVESPA Supervisão de Mercados)

Is a not-for-profit association organized as a self-regulatory and market surveillance organization, which consistent with CVM Ruling 461/07, is responsible for regulatory and oversight activities relative to the markets we operate. BSM is not consolidated in our financial statements.

 

 

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