Bovespa (Bolsa de Valores do Estado de São Paulo)

State of Sao Paulo Stock Exchange

Serious Information

Trivia

Bovespa is the largest stock exchange in Latin America. Established in August 23, 1890 on Rua 15 de Novembro, it was a public institution until 1966, when it became a non-profit civil association.
Founded on August 23, 1890 by Emilio Rangel Pestana, the "Bolsa de Valores de São Paulo" (São Paulo Stock Exchange, in English) - BOVESPA - has a long history of services given to the stock market and the Brazilian economy. Until the middle of the 1960s, BOVESPA and the other Brazilian stock markets were state corporations, tied with the state secretary of finances and brokers were government-appointed.

With the reforms of the national financial system and the stock market implemented in 1965/66, the stock markets had assumed the institutional role that keep until today, changing to non-profit civil associations, with administrative, financial and patrimonial autonomy. The old individual figure of the broker of government securities was substituted by the commercial broker.

In 1990, the negotiations through the Sistema de Negociação Eletrônica - CATS (Computer Assisted Trading System) that was simultaneously operated with the traditional system of "Pregão Viva Voz" (Live Voice Trading ). Currently, the BOVESPA is a solely eletronic market.

In 1997, the new system of electronic negotiation of the BOVESPA, the MEGA was implemented successfully. MEGA extends the potential volume of processing of information and allows that BOVESPA to increase its overall volume of activities.

With a goal to broaden access to the markets, BOVESPA introduced in 1999, "Home Broker" and "After-Market", both electronic trading systems allowing small and medium-size investors to participate in trading. "Home Broker" allows users to immediately execute sell and buy orders inside the stock exchange. "After-Market" is an evening trading service, operating after the market has closed.

MEGA BOLSA is BOVESPA's trading system that processes buy or sell orders electronically. Therefore, the whole process has become more fair and transparent, allowing brokerage houses and vendors to view all orders in real time, via private networks.

CBLC
Created in 1997 as a spin-off of BOVESPA, CBLC (Brazilian Clearing and Depository Corporation) acts as a Central Securities Depository, a Securities Settlement System and a Central Counterparty for equities, equities' derivatives and corporate debt instruments. It is a for-profit corporation owned by market participants and a self regulatory organization under the supervision of the Brazilian Securities Commission (CVM) and the Central Bank.

BOVESPA’s indices
Bovespa Index (Ibovespa), Brazil Index (IbrX), Brazil Index 50 (IBrX 50), Valor Bovespa Index (IVBX-2), Special Corporate Governance Stock Index (IGC), Electric Power Index (IEE), Telecommunication Sector Index (ITEL) and Special Tag Along Stock Index (ITAG). It is the benchmark Bovespa Index, compound of the most traded stocks on BOVESPA

http://www.bovespa.com.br/ Bovespa website

Address:
Bolsa de Valores de São Paulo – BOVESPA
Rua XV de Novembro, 275
01013-001
Centro - São Paulo – SP

Contact:
Phone: (+5511) 3233-2000
Fax: (+511) 3242-3550
E-mail: bovespa@bovespa.com.br

Trivia

São Paulo (Portuguese for Saint Paul) is the capital of São Paulo state in south eastern Brazil. It is located 400 km (250 miles) from Rio de Janeiro, and 1,030 km (640 miles) from federal capital Brasília. 19 million people live in the greater São Paulo metropolitan area — making it one of the five most populous in the world. The state of São Paulo is also highly populated, with major cities including Campinas, São José dos Campos, Ribeirão Preto, Sorocaba, and Santos and a population of over 40 million.

In 2006 the Brazilian stock market slid after the resignation of the country's finance minister amid a political scandal.
Brazilian shares fell 2.5% on Tuesday as investors cast doubts on whether new Treasury boss Guido Mantega would maintain a tough monetary strategy.

In 2006 Brazil's President Luiz Inacio Lula da Silva has asked for forgiveness from the Brazilian people for a scandal that has engulfed his government.
He apologised on TV but said he did not know about the alleged corruption, including a cash-for-votes scheme in the Brazilian Congress.

In 2004 a government corruption scandal has sent Brazil's markets on a wild ride.
Early on Friday Sao Paulo's Bovespa exchange was down 4%, taking the week's falls to 10%, while the real fell 1.8%. The cause was evidence a senior aide in the Workers Party (PT) had met a gambling boss from whom he took bribes after the PT's election in 2002.

While most of the 183 million people in Brazil are at ease with their country's image as the land of football and samba, its economic movers and shakers are struggling to project a different reality. It bothers them that foreigners are largely unaware of Brazilian achievements in such fields as agribusiness and aviation technology.

Chicago Stock_Exchange

Electronic Communication Network

government_bond information

Lonympics sites