OREANDA-NEWS. BM&FBOVESPA is implementing new trading hours. The main changes now introduced include:

For each segment, adoption of a uniform, countrywide timetable for trading, effective throughout the year:

BOVESPA Segment (Equities): from 10:00 a.m. to 6:00 p.m.

BM&F Segment (Derivatives): from 9 a.m. to 6:00 p.m.

Adoption of a single timetable for closing price determination and stock index calculations, including for marking to market purposes:

BOVESPA Segment (Equities): 4:55 p.m. - 5:00 p.m. - closing call for all cash market securities, including odd lots; 4:50 p.m. - 5:15 p.m. - closing call for options on Bovespa Index; 4:55 p.m. - 5:15 p.m. - closing call for all options series and ETFs.

BM&F Segment (Derivatives): 5:00 p.m. - 5:15 p.m. - determination of settlement price for Bovespa Index futures contracts.

Improvements to certain trading rules in connection with the implementation of the PUMA Trading System, including, rules on pre-opening order cancellations and closing call for cash markets, odd lot market and single stock options market.