Initiatives promote commodity derivatives in Brazil
Recent initiatives may encourage more players to the Brazilian commodity derivatives market, but there are still many obstacles to its growth, writes Alex Davis
The Brazilian commodity derivatives market, up to now very much the poor relation of its liquid financial markets, could be set for growth, thanks to some recent initiatives aimed at encouraging more players to the market.
Early in March, CME Group and BM&FBovespa announced an agreement to cross-list and cross-license various security contracts. As part of the deal, Nymex’s West Texas Intermediate oil futures will be available to trade on the Brazilian exchange in the third quarter of this year
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