Bloomberg News

Brazil Bovespa-Index Futures to List in Hong Kong, Pinto Says

October 27, 2011

Oct. 27 (Bloomberg) -- Brazilian stock-index futures will be listed in Hong Kong by the second quarter of next year, as emerging markets accelerate efforts to boost cross-border trading, according to BM&FBovespa SA’s chief executive officer.

Brazil’s Bovespa index futures will be traded in the local currency in Hong Kong, Edemir Pinto said in an interview during a forum in Shanghai. The Shanghai and Shenzhen stock exchanges have also signed a letter of intent to join the so-called BRICS alliance, which includes Brazil, South Africa, India and Russia.

--Irene Shen in Shanghai. Editor: Allen Wan

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net


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