The stock exchange of Sao Paulo comes up

The stock exchange of Sao Paulo comes up

 

 

The bag of Sao Paulo climbing a 0.32% and is located in the 59.961 points,In the market of currencies, the real is appreciated this Friday a 0.87% facing the dollar, currency that quoted to 3,386 real for the purchase and to 3,388 for the sale in the type of change commercial Brazilian.

This positive change of is due to changes that has put the Government to improve the activated eat cial international  The bag of Sao Paulo climbing a 0.32%.

The stock exchange of Sao Paulo comes up
The stock exchange of Sao Paulo comes up

The bag of Sao Paulo climbing a 0.32% and is located in the 59.961 points

In the market of currencies, the real is appreciated this Friday a 0.87% facing the dollar, currency that quoted to 3,386 real for the purchase and to 3,388 for the sale in the type of change commercial Brazilian.

Bag of São Paulo (BOVESPA), is the seventh largest and most important in the world stock exchange, and the first to occupy this position in America, located in the center of the largest Brazilian city Sao Paulo. As average, is exchanged shares by value of 1.221,3 million of real every day (according to data from 2004). Established the 23 of August of 1890 in the street (Rua) 15 of November, let of be an institution public until 1996, when is established as an association civil.

What makes the bag

It is a company that manages the organized markets of securities and securities and derivatives contracts, in addition to providing services of registration, clearing and settlement, acting mainly as a warrantor central counterparty of the financial liquidation of operations carried out in their environments.

The stock exchange offers a wide range of products and services, such as: negotiation of shares, fixed income, change soon and derivatives contracts referenced on actions, financial assets, indices, rates, goods, currencies, among others. listing of companies and other issuers of values and titles; depositary of assets; securities loan; and license of software (applications) has a business model diversified and integrated, offering full custody system. The negotiations are sent in mode exclusively electronic. The bag enables customers to carry out operations aimed at the purchase and sale of shares, transfer of market risks (hedge), arbitration of prices between markets or assets, diversification and allocation of investments and leverage positions. [1]

Main indices of the stock exchange

The stock exchange of Sao Paulo comes up
The stock exchange of Sao Paulo comes up

Is United to them others bags Brazilian, included the of Rio of Janeiro, where is exchange them values of the Government. The rise or fall of the Brazilian actions depends on several factors, such as the direction of monetary policy determined by the SELIC rate from the Central Bank of Brazil. The main indicator of Bovespa is the Bovespa index (IBovespa). According to the website of Bovespa, in this market they traded around 550 companies.

History

Founded on August 23, 1890 by Emilio Rangel Pestana, the bag of values of São Paulo (BOVESPA) has been an important part of the history of the stock market and the Brazilian economy. Up to half of the 1960s, Bovespa and other Brazilian stock exchanges were dependent of the Ministry of finance, State companies and brokers were civil servants.

With the national financial system and the stock market reforms carried out in 1965 and 1966, the stock markets would assume the institutional role that lasts until today, becoming civil associations non-profit, with administrative, financial and patrimonial autonomy. The old figure of brokers of Government actions was replaced by commercial brokers.

Despite its self-regulation, Bovespa operates under the supervision of the “Comissão de Valores Mobiliários” (securities moviliarios Commission, CMV, equivalent to the CNMV in Spain). From the 60, has evolved technologically of form constant.

To end of the years 1970, Bovespa also introduced a system of trade phone in Brazil, the “system private of Operações by telephone” (System private of operations by phone, SPOT).
In 1972, Bovespa was the first bag of values Brazilian in implementing a system automatic for the difusiformacion on-line in time real through a wide network of terminals computer.

> In 1990, begin to negotiate is through the system of bargaining electronic (System of trading eletrônica) (Computer Assisted Trading System, CATS), that operated simultaneously with the system traditional of live voice (Pregao live voice). Currently, the unique system of negotiation is the electronic.

> In 1997, the new system of bargaining electronic of Bovespa, the Mega bag, was implemented successfully. Mega bag increases the potential volume of process of information and allows to Bovespa increased its volume total of activities.

> In 1999 Bovespa introduces “Home Broker” and “After-Market” with the objective of expand the access to those markets, systems electronic of negotiation that allow participate in the market to the small and medium investors. Home Broker allows to the users execute orders of purchase and sale in the market. After-Market is a service of sale night that operates after the close of the market.

> In the year 2008 BOVESPA is fused with the BM & F (bag of markets future). In joint, them companies form the third greater bag of values of the world in value of market, the second greater in the Americas and the first in this since in America Latin.

> In 2008, the Ibovespa closed at the level of 37.550, with a fall annual of 41%; to 2008, the bag had 392 companies with a value of market of 1.35 trillion of real. The volatility of the bag started from end of 2008. In the first quarter of that year, climbed a 9% and the value of market total of the 387 companies that traded in the bag reached them 1.48
trillion of real.

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