Financial Times FT.com

Nasdaq and Brazilian exchange to discuss partnership

By Jonathan Wheatley in São Paulo

Published: August 27 2009 01:52 | Last updated: August 27 2009 01:52

BM&F Bovespa, Brazil’s futures and equities exchange, and the Nasdaq OMX Group of the US are discussing a “strategic, commercial and technological partnership”, the Brazilian exchange said in a statement on Wednesday evening.

If completed, the partnership would mark a further expansion of BM&F Bovespa’s international activities, which have expanded quickly since it was formed by the merger of Brazil’s derivatives and stock exchanges in May 2008.

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