Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Revenues: 3Q11<br />
<strong>BOVESPA</strong> <strong>Segment</strong> (45% of total)<br />
3% 13%<br />
84%<br />
Cash Market<br />
Forward Market<br />
Options Market<br />
Market / Product / Service<br />
Cash market<br />
Forward Market<br />
Options Market<br />
In bps<br />
Fee Model<br />
BM&F <strong>Segment</strong> (38% of total)<br />
30%<br />
13% Interest Rate BRL<br />
FX<br />
Others<br />
57%<br />
Interest Rate<br />
Exchange Rates (FX)<br />
Indices<br />
Commodities<br />
Fee per contract<br />
Other Revenues<br />
17%<br />
Depository and custody: 4%<br />
Securities Lending: 4%<br />
Vendors: 3%<br />
Listing: 2%<br />
Trading access: 2%<br />
Fixed cost: R$6,90 + additional fee<br />
25 bps per year (open interest)<br />
Fixed fee<br />
Annual fee: based on the social capital<br />
Fixed fee
Change language