Brazil’s BM&FBovespa is seeking to expand in India and China, Reuters reports. The exchange has selected these two countries as expansion markets due to their growth potential and similarities in terms of products, said BMF’s CEO, Edemir Pinto.
The exchange focuses on expanding in markets and instruments with sizable trading volumes and ample liquidity as financial markets grow in complexity and specialization. The exchange did not disclose if it is currently engaged in any merger talks.
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