Shanghai Stock Exchange and Brazil’s Bovespa to link

first_imgNews Shanghai Stock Exchange and Brazil’s Bovespa to link by: – February 18, 2011 Tweet Share BBC News Sharing is caring! Share Share 24 Views   no discussions Bovespa is facing increased domestic competitionThe Shanghai Stock Exchange and Brazil’s BM&F Bovespa are due to sign an agreement on Monday that could lead to closer ties between the two.Bovespa said it was looking for cross-listing across both exchanges, although this would not happen immediately.The bourse, which is the world’s fourth largest, is facing increased competition in its domestic market.The agreement is the latest in a series of tie-ups between the world’s leading stock exchanges.Bovespa said the objective of the deal was “to initiate a common discussion about business opportunities and exchange information”.On Tuesday, NYSE Euronext and Deutsche Boerse formally announced plans to merge, a deal that would create the world’s largest stock exchange operator.Earlier this month, the London Stock Exchange and TMX Group, which operates the Toronto Stock Exchange, also agreed a merger deal.The established global exchanges see consolidation as a way to fend off increased competition from new platforms that have eaten into their trading volumes.last_img