BRAZIL: Implementation of the Trading Tunnel Based on the Weighted Average Price of the Security in the BM&F Segment

Friday March 20 2015

News Source: Global Exchanges

Focus: Other

Type: General

Country: Brazil

Link: http://www.bmfbovespa.com.br/oficioscomunicados/DownloadOficioComunicado.ashx?numDoc=030-2015&dir=Ofic&depto=DP&idioma=en-us

BM&FBOVESPA have announced that as of 23rd March 2015, a trading tunnel based on the weighted average price of the security will be implemented in the BM&FBOVESPA PUMA Trading System, in the BM&F segment.

This trading tunnel is a price variation interval established by BM&FBOVESPA to trigger auction proceedings automatically at the moment that an order being filled breaches its limits.

Click on the link above for further details.