name: Sao Paulo Stock Exchange
Sao Paulo Stock Exchange (BM&F Bovespa) is a stock exchange located in Sao Paulo, Brazil. As of December 31, 2011, the exchange has a market capitalization of US$12.2 trillion, making it the 13th largest stock exchange in the world. It has offices in New York, Shanghai and London.
On May 8, 2008, the Sao Paulo Stock Exchange merged with the Brazilian Commodity Futures Exchange to become the Sao Paulo Stock Exchange. The benchmark index of the exchange is Índice Bovespa. As of April 30, 2008, it had 381 listed companies.
On August 23, 1890, Emilio Rangel Pestana founded the Sao Paulo Stock Exchange and provided Brazil with stock market and economic services. Until the mid-1960s, the Bovespa index and other Brazilian stock markets became state-owned enterprises of the Brazilian government. They belonged to the state finance departments and their brokers were appointed by the Brazilian government.
From 1965 to 1966, after the reform and opening up of the Brazilian financial system and stock market, the Brazilian stock market assumed more institutional roles. In 2007, the exchange implemented demutualization and became a profitable company.
The pre-listing meeting time of the Sao Paulo Stock Exchange is from Monday to Friday from 09:45 am to 10:00 am, the normal trading hours are from 10:00 am to 5:30 pm, and the post-market meeting time is from 6:00 pm to 7 pm: 30.
The chief executive officer of the Sao Paulo Stock Exchange is Edemir Pinto, the chairman is Aminio Fraga, the currency is Brazilian real, and the market value in December 2012 was US$1.220 billion.
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