BM&F Bovespa is hoping to attract high-frequency traders with further price discounts after traders flocked to BM&F, the Brazilian exchange operator’s beefed-up futures business.
The exchange, which fluctuates between being the world’s second- and third-biggest by market capitalisation, announced profits of R$389.2m ($228.3m) in the third-quarter, a 15 per cent year-on-year increase, boosted by a record-breaking $70bn share issue in September by state oil company Petrobras
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