FMX | Connect – www.fmxconnect.com - (Reported 7/1/2010)
BVMF3 Business Update as of 25-Jun
Equity Index ADV was down -42% w/w and down -19% compared to YTD’10 levels.
IR ADV was up +34% w/w, but down -11% compared to YTD’10 levels.
FX ADV was up +19% w/w and down -12% compared to YTD’10 levels.
Cash Equity AD Value was down -16% w/w and down -13% compared to YTD’10 levels.
Foreign Flows had been negative since 15-Apr turning positive during the last 2 weeks.
DMA ADV is 813k contracts during June (+178% y/y; -18% m/m). DMA ADV share of total BM&F volume is decreasing to 17% sequentially.
ADTV decreased from a record R$7.3bn during May to R$5.8bn during June.
BVMF3 shares on the Securities Lending Program (BTC) have been a bit high during June at around 20m shares, after one specially high peak in May of +150m shares.
Revenue per Contract
BM&F blended RPC is down -4% m/m in June, driven by lower IR RPC.
Equity Index RPC increased to R$1.65, two-month moving average is still trending down.
IR RPC decreased sequentially to R$0.92 as IR in BRL increased its share of total IR ADV.
FX RPC at R$1.76 stabilized as USD increased slightly vs BRL. FX RPC is positively correlated with USD/BRL FX rate.
Source: ERDESK
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