BM&F Bovespa and China Investment Information Service Ltd. (CIIS) lately announced a partnership in which CIIS will act as the administrator and official distributor of BM&F Bovespa market data in China's mainland. And a signing ceremony was held in Shanghai.
Under the agreement, CIIS will be responsible for the license, marketing and technical distribution of BM&F Bovespa market data products in China's mainland.
BM&F Bovespa CEO Gilson Finkelsztain said, "We have maintained good relationship with the Shanghai Stock Exchange (SSE) for many years. We are glad to see a new partnership has been reached. As one of the top exchanges in the world, Asia definitely is within our long-term strategy. We believe the market data cooperation with CIIS will help us promote BM&F Bovespa brand in China's mainland comprehensively."
Que Bo, Vice President of SSE and Chairman of CIIS, expressed his pleasure of meeting with Mr. Gilson Finkelsztain during the board meeting of the World Federation of Exchanges held in Shanghai. "More importantly, we achieved cooperation on market data services, which would enrich the structure of information products available for Chinese investors and provide them with more investment opportunities."
BM&F Bovespa is a world-class financial market infrastructure company, and its products include stocks, corporate bonds, foreign exchange derivatives, interest rate derivatives, bulk commodities and structured products. Established in Hong Kong in 1994, CIIS is the wholly owned subsidiary of SSE Infonet Ltd., the exclusive operation organization solely authorized by the SSE to manage the exchange's information. Established by CIIS in 2010, the China Investment Information Platform, characterized by integration of business and technology services, releases core information and provides information and data of counterparty markets for information vendors both at home and abroad. The platform releases real time and delayed market data in different categories, including securities, derivatives, indexes, bulk commodities and futures indexes, etc., to domestic and overseas investors, which contributes to enhancing the transparency of the markets.