Why does IB denies its clients access to the CME-BMFBovespa integration?

Why not allow clients to trade one of the largest and growing financial markets in the world?
http://www.cmegroup-bmfbovespa.com.br/index_eng.asp

 

In due course but it is not as easy as turning on a switch:

To be able to trade BM&FBOVESPA contracts by means of the routing facility, the CME Globex user/investor should:

Be registered in Brazil as a nonresident investor, under the terms of the Brazilian Monetary Council (CMN) Resolution 2689 or 2687;
Enter into an intermediation agreement with a BM&FBOVESPA brokerage house (an institution that holds a Trading Right); and
Be duly registered and authorized as a BM&FBOVESPA customer.

 

So when they are going to get this done? its been years since the integration has been available

 

Yes, looking forward to any type of direct Brazil trading - BOVESPA index futures, USD/BRL NDFs (or futures), etc.

I understand there are complications, but whatever you guys can do to expedite this would be great.

 

Any other brokers offer these mkts?

 

Its been more than another year now, is this coming?

 

It looks like it isn't economically viable to do it.

 

That's a shame..

One of your biggest competitors didn't see it that way..



Saxo Bank is First to Offer Direct Online Trading in Brazilian Market
PR Newswire
HELLERUP, Denmark, April 26, 2011

http://www.bizjournals.com/prnewswire/press_releases/2011/04/26/UKM754A