COVER STORY: Poised for a Secondary Boom

COVER STORY: Poised for a Secondary Boom


by Dan Shirai A tectonic shift is happening in Brazil that should help crack open still immature capital markets. Barriers that have kept global investors away from LatAm’s biggest derivatives marketplace are being bashed down by a high-tech initiative to link Brazil’s BM&FBovespa with the world’s largest exchange by market cap, the Chicago Mercantile Exchange (CME). Both exchanges are working to bring investors around the globe unprecedented access to Brazil’s domestic futures, options, equity and fixed income markets. The pact, which involves cross-listing contracts and direct order routing across a shared network, could unleash a wave of trading.Some large US funds th

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