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

Discussion in 'Retail Brokers' started by Daal, Mar 22, 2011.

  1. Daal

    Daal

  2. def

    def Interactive Brokers

    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.
     
  3. Daal

    Daal

    So when they are going to get this done? its been years since the integration has been available
     
  4. 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.
     
  5. pismo10

    pismo10

    Any other brokers offer these mkts?
     
  6. Daal

    Daal

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

    def Interactive Brokers

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