Tuesday July 9 2013

News Source: Global Exchanges

Focus: Holidays and Opening Hours and suspensions

Type: General




BM&FBOVESPA will be implementing new trading hours. The main changes now introduced include:

For each segment, adoption of a uniform, countrywide timetable for trading, effective throughout the year:

  • BOVESPA Segment (Equities): from 10:00 a.m. to 6:00 p.m.
  • BM&F Segment (Derivatives): from 9 a.m. to 6:00 p.m.

Adoption of a single timetable for closing price determination and stock index calculations, including for marking to market purposes:

  • BOVESPA Segment (Equities): 4:55 p.m. – 5:00 p.m. – closing call for all cash market securities, including odd lots; 4:50 p.m. – 5:15 p.m. – closing call for options on Bovespa Index; 4:55 p.m. – 5:15 p.m. – closing call for all options series and ETFs.
  • BM&F Segment (Derivatives): 5:00 p.m. – 5:15 p.m. – determination of settlement price for Bovespa Index futures contracts.

Improvements to certain trading rules in connection with the implementation of the PUMA Trading System, including, rules on pre-opening order cancellations and closing call for cash markets, odd lot market and single stock options market.

Click on the above link for more details