BM&FBovespa has a fruitful Q1 2015 27 May 2015São Paulo Reporter: Mark Dugdale
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Brazilian central counterparty (CCP) BM&FBovespa saw securities lending revenue of BRL 22.2 million ($7 million) in Q1 2015, beating the same quarter in 2014 by 4.9 percent.
BM&FBovespa attributed the result to a 4.9 percent increase in the average value of open interest positions, as well as the removal of rebates in January.
In April this year, the number of securities lending transactions conducted through BM&FBovespa reached 122,240, which was down on March, when the CCP processed 136,446 deals.
Trading value amounted to BRL 62.01 billion ($19.67 billion) in April, slightly higher than March’s BRL 60.32 billion ($19.7 billion).
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