Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Shares  >  BOLSA DE VALORES DE SAO PAULO  >  BM&F Bovespa SA    BVMF3

News SummaryMost relevantAll newsSector news 

BM&F Bovespa: 2013 Operating Costs Likely BRL560 Million To BRL580 Million

12/12/2012 | 04:31am US/Eastern

SAO PAULO--Brazilian stock exchange operator BM&FBovespa S.A. (BVMF3.BR) said it plans to invest a little bit more next year than this year, as it is upgrading its technology and building a data center.

The company will invest between 260 million Brazilian reais ($125.6 million) and BRL290 million in 2013, according to a regulatory filing posted late Tuesday. That's above the figure of between BRL230 million and BRL260 million projected for this year.

For 2014, BM&FBovespa said it expects to invest between BRL170 million and BRL200 million in its operations.

Since 2010, the exchange has been investing in the integration of its clearing houses, the upgrading of its technology and also in the construction of a data center. From 2010 to 2014, the exchange said it will invest a total of BRL1.2 billion.

In the meantime, the company said its operating costs next year would amount to between BRL560 million and BRL580 million, the same amount expected for this year, as company's focus remains on costs control, it said.

BM&F Bovespa was created at the end of 2008 from the merger of BM&F, the local commodities and futures exchange, and Bovespa Holding, the company that owns and manages the Brazilian Stock Exchange.

Write to Rogerio Jelmayer at rogerio.jelmayer@dowjones.com

React to this article
Latest news on BM&F BOVESPA SA
07/23 BM&F BOVESPA : Soybean derivative contracts will have new trading hours as of Ju..
07/15 BM&F BOVESPA : Notice to the Market - 2Q15 Earnings Release
07/15 BM&F BOVESPA : BM&FBOVESPA announces the results of Report and Explain 2015
07/14 BM&F BOVESPA : Latest survey shows that 81 companies already publish their repor..
07/13 BM&F BOVESPA : The data are from June/15
07/08 BM&F BOVESPA : BM&FBOVESPA publishes June market performance
07/08 BM&F BOVESPA : Notice to the Market - Market Performance - June 2015
07/08 BM&F BOVESPA : Thursday (July, 9th) is a state holiday in São Paulo. Learn more ..
07/01 BM&F BOVESPA : BM&FBOVESPA presents the results of the closed hearing for the Co..
07/01 BM&F BOVESPA : Notice to the Market - Shareholder Participation - BlackRock
Duration : Period :
BM&F Bovespa SA Technical Analysis Chart | BVMF3 | BRBVMFACNOR3 | 4-Traders
Income Statement Evolution
More Financials