Reuters interviews CEO of Brazilian stock exchange, anticipates China deal

Reuters scored an exclusive interview with the chief executive of Brazil’s BM&FBovespa, the worlds fourth-largest exchange, on Feb 14 as a wave of consolidation was sweeping through the global exchanges market, with Deutsche Boerse and NYSE Euronext in advanced talks to merge, and the London Stock Exchange announcing plans to buy Canadas TMX. BM&FBovespa CEO Edemir Pinto told Reuters these deals were focused on consolidated markets with fewer growth opportunities, whereas he was on the lookout for opportunities to expand in Asia. “Today I see the Asian continent, particularly India and China, with more potential,” he said. Three days after the interview, BM&FBovespa and the Shanghai Stock Exchange said they would sign a memorandum of understanding that could open the door for future tie-ups.