BM&FBOVESPA Authorizes New DMA Modality for its Derivatives Segment - DMA Model 3 - Direct Access without Technological Infrastructure of a Broker

The Brazilian Securities, Commodities and Futures Exchange – BM&FBOVESPA will offer, beginning on October 19, a new Direct Market Access (DMA) modality connection to its GTS (Global Trading System), the Exchange’s electronic derivatives trading platform. DMA model 3 allows clients to directly access the GTS trading platform without the technological infrastructure of a brokerage house or an authorized DMA provider. As with the other available DMA trading modalities, direct access to BM&FBOVESPA and its order flow will continue to be authorized and monitored by a brokerage house.

Source:BM&FBOVESPA, 02.10.2009