Brazil Stock Market

Brazil stock market is centered around Sao Paulo Stock Exchange, (BOVESPA) the country's and Latin America's largest stock exchange.

In fact, according to BOVESPA, the exchange trades about 70% of the Latin American stock trading volume. It is also the fifth largest stock exchange in the world.

BOVESPA Holding, which operates the the São Paulo Stock Exchange (BVSP) and is thus responsible for the operations by the stock exchange and the organized over-the-counter markets, also owns the the Brazilian Clearing and Depository Corporation (CBLC), which provides settlement, clearing and depository services.

Currently, trading at the Bovespa is done completely eletronically, as all trades are performed via the electronic system.

There were 450 companies traded at Bovespa as of April 30, 2008.

After BOVESPA, the second largest stock exchange in Brazil is the Rio de Janeiro Stock Exchange (Bolsa de Valores do Rio de Janeiro, or BVRJ). It trades in government bonds and currencies on the electronic Sisbex system.


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