Below is a list of Stock and Securities Exchanges that work with REITs.See Related Pages
Exchange Profile: Established in the early 1990s as a not-for-profit organisation, AMS-IX (Amsterdam Internet Exchange) is a neutral and independent Internet Exchange based in Amsterdam, the Netherlands. Now interconnecting around 800 networks by offering professional IP exchange services, also called peering services. Peering enables these connected networks to offer stable, fast and cost-effective Internet services to their end-users and business customers. Peering is what makes the Internet robust and resilient, a network of networks all linked together. The Internet and all its applications have almost become part of our senses these days. Many of us feel the need to be online 24 hours a day, to be interconnected with friends, family, colleagues and customers, or with the world at large. This interconnectivity of people is fed by the interconnectivity of the networks they are using, which is the main purpose of AMS-IX. Additionally, peering is not limited to fixed data or traditional ISPs. AMS-IX serves a very diverse and unique mix of Internet companies including international carriers, mobile operators, content providers, hosting and cloud companies, application providers, tv broadcasters, gaming companies and other related businesses - all unified in one community: AMS-IX. AMS-IX additionally hosts the first mobile peering points worldwide: the Global GPRS Roaming Exchange (GRX), the Mobile Data Exchange (MDX), and the first interconnection of IPX networks (Inter-IPX). AMS-IX deploys three Internet Exchanges abroad: AMS-IX Hong Kong, AMS-IX India and AMS-IX Caribbean on Curaçao. AMS-IX’s subsidiary AMS-IX USA Inc. deploys AMS-IX Bay Area, AMS-IX Chicago and AMS-IX New York in the United States.
Exchange Profile: ASX is one of the world’s leading financial market exchanges, offering a full suite of services, including listings, trading, clearing and settlement, across a comprehensive range of asset classes. As the first major financial market open every day, ASX is a world leader in raising capital, consistently ranking among the top five exchanges globally. With a total market capitalisation of around $1.5 trillion, ASX is home to some of the world’s leading resource, finance and technology companies. Our $47 trillion interest rate derivatives market is the largest in Asia and among the biggest in the world. ASX’s network and data centre are connected to leading financial hubs. Speed, reliability, state-of-the-art technology and the diversity of the user community, are fundamental to the success of the Sydney-based ASX Australian Liquidity Centre. We operate in a world class regulatory environment, meeting the highest global standards. Our clearing houses are among the most secure and well capitalised in the world, and help underpin the stability of Australia’s financial markets. ASX has over 150 years of exchange experience and a highly skilled team of 530 people. We put our customers at the centre of everything we do – 6.7 million share owners, 180 participants, and almost 2,200 listed companies and issuers.
Exchange Profile: Borsa Italiana S.p.A. is responsible for the organisation and management of the Italian stock exchange. The Company, founded in 1997 following the privatisation of the exchange, has been operational since January 2nd, 1998. Borsa Italiana is now part of London Stock Exchange Group, following the merger effective October 1, 2007. The Borsa di commercio di Milano (Milan Stock Exchange) was established by Eugène de Beauharnais, viceroy of the Napoleonic Kingdom of Italy, through decrees dated 16 January and 6 February 1808.
Exchange Profile: BME is a stock market operator and the heir of centuries of cultural and financial heritage, in which millions of Spanish and foreign investors place their trust. It is currently one of the four major European stock exchange and market operators. BME Equity is the company's flagship area. This dynamic and modern business includes the Spanish stock exchanges and other Spanish financial systems and markets. The company's strengths lie in its foresight, innovation and responsibility, consolidating its solvency and giving it a strong international footing, particularly in Latin America. The Spanish equity market operates based on the SIBE electronic trading platform, developed entirely by BME, which guarantees full interconnection of the four Spanish stock exchanges. As well as stocks and shares, SIBE trades products such as ETFs, warrants, certificates and many other instruments. In equity, the IBEX 35® plays a key role as Spain's benchmark index, comprised of the major Spanish stocks and representing an essential barometer for the country's economy. The Latibex is another key area of BME's Equity operations, representing the only international market exclusively for trading Latin American stocks in euros. It was founded in 1999 and now hosts 34 shares, placing it among the three leading Latin American markets by capitalisation. The Alternative Equity Market (MAB) is BME Equity's most recent initiative. This market is specifically for small capitalisation companies looking to finance growth, with costs and procedures designed to suit their needs. In the first year since its launch, 23 companies already use the MAB to raise funding and support their growth and internationalisation, driven by greater recognition and prestige, as well as stronger shareholder diversification.
Exchange Profile: BMV Group is a fully integrated Exchange Group that operates cash, listed derivatives and OTC markets for multiple asset classes, including equities, fixed income and exchange traded funds, as well as custody, clearing and settlement facilities and data products for the local and international financial community. BMV is the second largest stock exchange in Latin America with a total market capitalization of over US$ 530 billion. The Mexican Stock Exchange (BMV) is a public institution that operates under a concession granted by the Ministry of Finance (SHCP), observing the Mexican Securities Law. As a result of the latest world trends and regulatory changes, the Mexican Exchange finalized with its demutualization process, becoming a company whose equities are traded within the stock market. On June 13th 2008, The Exchange conducted an Initial Public Offering of the shares representing its capital stock.
Exchange Profile: Cboe BZX Exchange, Inc. operates a national securities exchange. Cboe BZX Exchange, Inc. was formerly known as Bats BZX Exchange, Inc and changed its name to Cboe BZX Exchange, Inc. on October 26, 2017. The company was incorporated in 2007 and is based in Chicago, Illinois. Cboe BZX Exchange, Inc. operates as a subsidiary of Cboe Global Markets, Inc. Cboe is one of the world's largest exchange holding companies, offering cutting-edge trading and investment solutions to investors around the world. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX), and multi-asset volatility products. Our trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in Europe. In addition, the company is the second-largest stock exchange operator in the U.S. and a leading market globally for ETP trading. Cboe is home to the Cboe Volatility Index (VIX Index), the world's barometer for equity market volatility; the Cboe ETF Marketplace, the fastest growing listing venue for issuers; Cboe BXTR, the largest trade reporting facility in Europe; Cboe Livevol, a leading provider of options technology, trading analytics and market data services; Cboe Vest, an asset management company specializing in target-outcome investment strategies; Cboe Risk Management Conferences (RMC), the premier financial industry forums on derivatives and volatility products; the Cboe Options Institute, the company's world-renowned education arm; and ETF.com, a leading provider of ETF news, data and analysis.
Exchange Profile: Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam, Lisbon and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the UK's London Stock Exchange Group.
Exchange Profile: As the leading Pan-European marketplace, Euronext’s ambition is to serve the real economy by bringing together buyers and sellers in venues that are transparent, efficient and reliable. Our roots are deep: for four centuries, the exchanges that now comprise Euronext have been at the heart of European capital markets. Today Europe enters a new cycle in which regulated markets will play an increasingly significant role. Amid rising demand for new and diverse sources of capital and solutions for the transfer of risk, and growing pressure for more transparency and supervision, Euronext’s unique portfolio of market services means it is ideally positioned to play a role in the future development of European markets.
Exchange Profile: HKEX Group is a leading operator of exchanges and clearing houses based in Hong Kong, Asia's premier international financial centre, and a key player globally as one of the world’s largest exchange groups by market capitalisation. HKEX Group operates the securities and derivatives markets and is the frontline regulator of listed companies in Hong Kong. The Group also owns the London Metal Exchange (LME) in the UK, the world's premier base metals market.
Exchange Profile: On 27 March 2018 Euronext completed its acquisition of the Irish Stock Exchange (ISE). The ISE has joined Euronext’s federal model and now operates under the trading name Euronext Dublin.
Exchange Profile: London Stock Exchange is one of the world’s oldest stock exchanges and can trace its history back more than 300 years. London Stock Exchange Group was created in October 2007 when London Stock Exchange merged with Milan Stock Exchange, Borsa Italiana. The exchange was founded in 1801 and its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. The exchange is part of the London Stock Exchange Group. London Stock Exchange is the world’s most international exchange. Nearly 2,500 companies from more than 90 countries are quoted across its markets, with a combined value of £4.4 trillion. London Stock Exchange’s markets include the Main Market – London’s flagship venue for equity, debt and exchange traded products, offering businesses access to Europe’s most liquid pool of capital – and AIM – the world’s leading market for small and growing companies. Since its launch in 1995 AIM has helped 3,500 companies raise £87 billion. Trading participants access London Stock Exchange markets via a range of secure, low latency interfaces, including the Order book for Retail Bonds (ORB), which since its launch in 2010 has allowed private investors to trade bonds in small denominations, and has helped companies raise over £4 billion. London Stock Exchange also offers a range of real-time and reference data services, facilitating the trading and reporting of over £1 trillion of securities by 400 members annually. London Stock Exchange is part of London Stock Exchange Group, which incorporates a range of pan-European trading, technology, post-trade and index businesses.
Exchange Profile: The Nasdaq Stock Market is an American stock exchange. It is the second-largest exchange in the world by market capitalization, behind only the New York Stock Exchange located in the same city. At Nasdaq, we're relentlessly reimagining the markets of today. Not by chasing the possibilities of tomorrow, but by creating them. In 1971, the microprocessor was born. Nasdaq wasted no time capitalizing on the new technology by bringing all-electronic trading to the market. Later in the decade, this provided the likes of Apple and Microsoft with the means to raise capital that was previously unavailable to them. Sixteen years later on the other side of the Atlantic, OM became the world’s first publicly traded and listed exchange company. In 2007, Nasdaq merged with OMX with a vision to be a single company with a single mission: Deliver the kind of resources that would solve the logistics of the global capital markets. That vision has served us well. So well, in fact, that Nasdaq transformed itself from a U.S.-based equities exchange to a diversified technology provider for thousands of global firms. Today, we’re the leading technology and information services provider to the capital markets. And our Global Trading and Market Service business have become a significant part of our client offerings. All this can be traced to Nasdaq’s focus on synchronizing and optimizing market movement – an essential principle in the growth of business economies. No one else provides customers with such a high level of infrastructure, tools and strategic insight. Customers have taken advantage of the fact that we’re the single largest liquidity pool for U.S. equities (in volume traded). We’re also acclaimed for our top-rated data offerings. And, of course, for the Nasdaq 100 — home to many of the world’s most heralded securities.
Exchange Profile: The New York Stock Exchange, is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. The New York Stock Exchange (NYSE) is the oldest stock exchange in the United States, and it's located on Wall Street in lower Manhattan. It is the world's largest stock exchange by market capitalization of listed companies. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (NYSE: ICE). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext.
Exchange Profile: NYSE Arca, previously known as ArcaEx, an abbreviation of Archipelago Exchange, is an exchange on which both stocks and options are traded. It is owned by Intercontinental Exchange and is headquartered in Chicago. The first all-electronic exchange in the U.S., NYSE Arca is the top U.S. exchange for the listing and trading of exchange-traded funds (ETFs) and also trades more than 8,000 U.S.-listed securities. The market offers fully automated, transparent open and closing auctions in ETFs and significant price improvement opportunities at the midpoint in all securities. Traders that use NYSE Arca to access open, direct, anonymous markets will make rapid, efficient, electronic executions in multiple U.S. market centers. A distinct market structure and functionality allow NYSE Arca to deliver the advantages of significant transparency, tremendous speed, and both displayed and dark liquidity.
Exchange Profile: OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. OTC Markets Group, (previously known as "Pink Sheets") is an American financial market providing price and liquidity information for almost 10,000 over-the-counter (OTC) securities. The group has its headquarters in New York City. OTC-traded securities are organized into three markets to inform investors of opportunities and risks: OTCQX, OTCQB and Pink.
Exchange Profile: Singapore Exchange is Asia’s leading and trusted market infrastructure, operating equity, fixed income and derivatives markets to the highest regulatory standards. As Asia’s most international, multi-asset exchange, SGX provides listing, trading, clearing, settlement, depository and data services, with about 40% of listed companies and 75% of listed bonds originating outside of Singapore. SGX is the world’s most liquid offshore market for the benchmark equity indices of China, India, Japan and ASEAN and offers commodities and currency derivatives products. Headquartered in AAA-rated Singapore, SGX is globally recognised for its risk management and clearing capabilities.
Exchange Profile: Japan Exchange Group, Inc. (JPX) was established via the business combination between Tokyo Stock Exchange Group and Osaka Securities Exchange on January 1, 2013. JPX operates financial instruments exchange markets to provide market users with reliable venues for trading listed securities and derivatives instruments. In addition to providing market infrastructure and market data, JPX also provides clearing and settlement services through a central counterparty and conducts trading oversight to maintain the integrity of the markets. In the course of working together as an exchange group to offer a comprehensive range of services, we continue to make every effort to ensure reliable markets and create greater convenience for all market users.
Exchange Profile: From artificial intelligence to self-driving cars to data driven insights and predictions, it’s happening right before our very eyes. At TMX, our vision is as crystal clear as yours, because like you, we’ve had our sights set on what’s next since Day 1. Because when you’re perpetually thinking forward, the future is yours to see. TMX powers capital and commodity markets, investment and economic growth for clients across North America and around the world. Our thriving ecosystem includes: Private Markets, Insights, Community, Venture Exchange, Alpha Exchange, CDS, CDCC, Trayport and Shorcan. We're headquartered in Toronto with offices in Montreal, Calgary, Vancouver, New York, Houston, London and Beijing.
Exchange Profile: Xetra (XETR) is a trading venue operated by Frankfurter Wertpapierbörse (FWB, the Frankfurt Stock Exchange) based in Frankfurt, Germany.
Exchange Profile: The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. Started in 1983, the index is composed of a maximum of 25 of the most frequently traded securities on the exchange. It is one of the main national indices of the stock exchange group Euronext alongside Brussels' BEL 20, Paris's CAC 40 and Lisbon's PSI-20.
Exchange Profile: The AMX index, derived from Amsterdam Midkap Index, also known as Midkap index or simply Midkap, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. The index was started in 1995. It is composed of the 25 funds that trade on the exchange and that rank 26-50 in size. The funds that rank 1-25 in size are represented in the AEX index.
Exchange Profile: The AScX index, derived from Amsterdam Small Cap Index, also known as Small Cap index or simply Small Cap, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. The index was started in 2005. It is composed of the 25 funds that trade on the exchange and that rank 51–75 in size. The funds that rank 1–25 in size are represented in the AEX index and the funds that rank 26–50 in size are represented in the AMX index. The composition is reviewed twice a year.
Exchange Profile: The BEL 20 is the benchmark stock market index of Euronext Brussels. In general, the index consists of a minimum of 10 and a maximum of 20 companies traded at the Brussels Stock Exchange.
Exchange Profile: Bats Global Markets was a global stock exchange operator based in Lenexa, Kansas, with additional offices in London, New York, Chicago, and Singapore. Bats was founded in June 2005, became operator of a licensed U.S. stock exchange in 2008 and opened its pan-European stock market in October 2008. As of February 2016, it operated four U.S. stock exchanges, two U.S. equity options exchanges, the pan-European stock market, and a global market for the trading of foreign exchange products. Bats is now owned by Cboe Global Markets. The company was founded in June 2005 by Dave Cummings, a computer programmer. Cummings said he was inspired to start the company after observing Archipelago Holdings be acquired by the New York Stock Exchange and Instinet be acquired by NASDAQ within a week of each other in 2005. After the launch of Bats, other brokerage firms, hedge funds, and other clients became involved with the company. Cummings publicized the Bats service by sending emails to companies highlighting the niche that could be carved out by trading on platforms other than the big two—NASDAQ and NYSE.
Exchange Profile: Shanghai was China's first city to see the appearance of stocks, stock trading and stock exchanges. Stock trading started in Shanghai as early as 1860s. In 1891, the Shanghai Sharebrokers Association was established, which was regarded as the primitive form of stock bourses in China. Later in 1920 and 1921, the Shanghai Security Goods Exchange and the Shanghai Chinese Security Exchange commenced operations respectively. By the 1930s, Shanghai had emerged as the financial center of the Far East, where both Chinese and foreign investors could trade stocks, debentures, government bonds and futures. In 1946, Shanghai Securities Exchange Co., Ltd. was created on the basis of Chinese Security Exchange, but ceased operations three years later in 1949. Since 1980, China's securities market has evolved in tandem with the country's introduction of reform and opening up policy and the development of socialist market economy. In 1981, trading in treasury bonds was resumed. In 1984, stocks and enterprise bonds emerged in Shanghai and a few other cities. On November 26, 1990, Shanghai Stock Exchange (SSE) came into existence, and on December 19 of the same year, it started formal operations. After 28 years of rapid growth, SSE has developed into a comprehensive exchange with stocks, bonds, funds and derivatives products, world-class exchange system and communication infrastructure, and effective self-regulatory system. With these advantages, the scale of the Shanghai securities market and the number of investors are growing fast.
Exchange Profile: The Shenzhen Stock Exchange (SZSE) is a stock exchange based in the city of Shenzhen, China. It is one of two stock exchanges operating independently in the People's Republic of China, the other being the larger Shanghai Stock Exchange. It is situated in the Futian district of Shenzhen.
Exchange Profile: As one of the world’s leading exchange organisations and an integrated provider of products and services covering the entire process chain of securities and derivatives trading, Deutsche Börse Group organises markets characterised by integrity, transparency and safety. Europe and the US are the core areas of the Group’s business and it is continuously increasing its global reach, particularly in Asia and South America. The range of its offerings is constantly broadened by new products in existing and new asset classes, in particular in the area of risk and collateral management – complemented by a growing number of solutions for the off-exchange sector. Deutsche Börse has been a listed company since February 2001. As an issuer, it competes for investors’ capital on the capital market. At the same time, Deutsche Börse’s membership in the DAX® – since December 2002 – has increased its visibility on the international capital markets, thus strengthening its competitive position.
Exchange Profile: BSE is Asia's First Exchange and World's Fastest Exchange with the Speed of 6 Microseconds. Bombay Stock Exchange Limited is the oldest stock exchange in Asia, established in 1875. It is the first stock exchange in the country to obtain permanent recognition in 1956 from the Government of India under the Securities Contracts (Regulation) Act, 1956. It is widely recognized by its index, SENSEX. The Exchange is professionally managed under the overall direction of the Board of Directors. The Exchange has a nation-wide reach with a presence in 417 cities and towns of India.
Exchange Profile: The National Stock Exchange of India Limited is a leading stock exchange of India and is one of the largest stock exchange in the world in terms of daily turnover and number of trades, for both equities and derivative trading as per the World Federation of Exchanges. The National Stock Exchange (NSE) is the leading stock exchange in India and the fourth largest in the world by equity trading volume in 2015, according to World Federation of Exchanges (WFE).It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on annual reports of SEBI. NSE launched electronic screen-based trading in 1994, derivatives trading (in the form of index futures) and internet trading in 2000, which were each the first of its kind in India. NSE has a fully-integrated business model comprising our exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading and clearing members and listed companies with the rules and regulations of the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE believes that the scale and breadth of its products and services, sustained leadership positions across multiple asset classes in India and globally enable it to be highly reactive to market demands and changes and deliver innovation in both trading and non-trading businesses to provide high-quality data and services to market participants and clients.
Exchange Profile: Established in March 1956, Korea Exchange has been contributing to the development of the national economy by providing corporations with capital for growth, and offering individuals opportunities for wealth accumulation. Korea Exchange is fully committed to successfully achieving the economic policy objectives of the new administration: income-led growth, job creation, innovative growth, and a fair economy. In addition, we will continue to faithfully implement the basic functions of a capital market including the facilitation of corporate financing, ensurement of active trading and protection of investors; while enhancing international competitiveness of the Korean capital market to global level. The Korea Exchange website offers a variety of information on market trends, notices on listing and disclosure as well as capital market rules and regulations. There is also a separate area where you, as market participants, can offer feedback and input. Your keen interest and attentive suggestions would be very much appreciated.
Exchange Profile: SIX Swiss Exchange is one of the most important European stock exchanges. It offers outstanding liquidity in trading of Swiss securities and connects companies from around the world with international investors and trading participants. As a self-regulated exchange, it is able to provide particularly market-friendly conditions for listing and trading in Swiss and foreign equities, bonds, ETFs, ETPs, funds, and structured products. SIX Swiss Exchange multiples the locational advantages of the Swiss financial center with first-class services and is an ideal listing location for companies of every origin, size and sector. It operates its own range of indices, which includes the SMI®, Switzerland’s most important equity index. With the most up-to-date and fastest trading technology worldwide and a broad range of connectivity options, SIX Swiss Exchange offers perfect trading conditions. Thanks to its innovative strength, which it regularly puts to the test, it has created an optimum environment for the success of its domestic and foreign customers.
Exchange Profile: Nasdaq Nordic is the common name for the subsidiaries of Nasdaq, Inc. that provide financial services and operate marketplaces for securities in Nordic, Baltic, and Caucasus countries. Historically, the operations have been known by the company name OMX AB (Aktiebolaget Optionsmäklarna/Helsinki Stock Exchange), which was created in 2003 upon a merger between OM AB and HEX plc. In 2015, the legal entity OMX AB was renamed Nasdaq AB, but it also operates under the alias Nasdaq OMX AB. The operations have been part of Nasdaq, Inc. (formerly known as Nasdaq OMX Group) since February 2008. Nasdaq Nordic has two divisions, OMX Exchanges, which operates eight stock exchanges mainly in the Nordic and Baltic countries, and OMX Technology, which develops and markets systems for financial transactions used by OMX Exchanges, as well as by other stock exchanges.
Exchange Profile: The JSE was formed in 1887 during the first South African gold rush. Following the first legislation covering financial markets in 1947, the JSE joined the World Federation of Exchanges in 1963 and upgraded to an electronic trading system in the early 1990s. The bourse demutualised and listed on its own exchange in 2005. In 2003, we launched an alternative exchange, AltX, for small and mid-sized listings, followed by the Yield X for interest rate and currency instruments. The JSE then acquired the South African Futures Exchange (SAFEX) in 2001 and the Bond Exchange of South Africa (BESA) in 2009. Today we offer five financial markets namely Equities and Bonds as well as Financial, Commodity and Interest Rate Derivatives. The JSE is currently ranked the 19th largest stock exchange in the world by market capitalisation and the largest exchange in the African continent.
Exchange Profile: The Taiwan Stock Exchange Corporation (TWSE) was founded over half a century ago. As a key player in promoting economic progress, boosting business growth and generating capital, our mission over the past fifty-plus years has been to support the development of industries and generate profitable opportunities for the investing public. We have continued to excel in our role as the central matching platform for fundraising and investment in the capital market, integrating a multitude of diverse investment tools available to investors in today’s age.
Exchange Profile: The B3 (in full, B3 - Brasil Bolsa Balcão S.A. or B3 - Brazil, Stock Exchange and Over-the-Counter Market), formerly BM&FBOVESPA, is a Stock Exchange located at São Paulo, Brazil and the only one in the country. Founded on August 23, 1890 by Emilio Rangel Pestana, the "Bolsa de Valores de São Paulo" (São Paulo Stock Exchange, in English) has had a long history of services provided to the stock market and the Brazilian economy. Until the mid-1960s, Bovespa and the other Brazilian stock markets were state-owned companies, tied with the Secretary of Finances of the states they belonged to, and brokers were appointed by the government. B3 S.A. – Brasil, Bolsa, Balcão is one of the world’s largest financial market infrastructure companies, providing trading services in an exchange and OTC environment. B3 is a public company traded under ticker symbol B3SA3 on the Novo Mercado premium listing segment and its stock is tracked by the Ibovespa, IBrX-50, IBrX and Itag indices, among others. It also has a solid tradition of innovation in products and technology and is one of the largest companies in market value holding a prominent global position in the stock market industry. B3’s scope of activities include the creation and management of trading systems, clearing, settlement, deposit and registration for the main classes of securities, from equities, corporate fixed income securities to currency derivatives, structured transactions and interest rate, and agricultural commodities. B3 also acts as a central counterparty for most of the trades carried out in its markets and offers central depository and registration services.