BM&FBovespa has commenced the bidding process the pick up to three market makers for options on stock of Banco Bradesco, Gerdau and Banco do Brasil, Mondo Visione reports. This is the third stage of the competitive bidding process for choosing market makers in equity options and Bovespa Index options, created by the Brazilian exchange. The four-stage bidding program helps select market makers for options on the stock of 10 companies selected on a decreasing scale of market liquidity based on 2010 and options on Ibovespa. The fourth stage will be for options on the stock of Cia. Siderúrgica Nacional, PDG Realty Empreendimentos e Participações and Cyrela Brazil Realty Empreendimentos e Participações.

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