ADVISORY, May 21, 2007 (PRIME NEWSWIRE) --
What: Manoel Felix Cintra Neto, Chairman of the Board of The Brazilian Mercantile & Futures Exchange, will preside over the opening bell. Where: NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio When: Tuesday, May 22, 2007 at 9:30 a.m. ET Contacts: Tiago Rezende (212) 750-4197 tdrezende@bmf.com.br NASDAQ MarketSite: Jolene Libretto; 646.441.5220; mobile - 347.219.9539 Jolene.Libretto@NASDAQ.com
Feed Information:
The opening bell is available from 9:20 a.m. to 9:35 a.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Jolene Libretto at (646) 441-5220.
Radio Feed:
An audio transmission of the opening bell is also available from 9:20 a.m. to 9:35 a.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Waterfront fiber 1623 as well.
Webcast:
A live webcast of the NASDAQ Opening Bell will be available at: http://www.nasdaq.com/reference/marketsite_about.stm.
Photos:
To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice.
About The Brazilian Mercantile & Futures Exchange:
BM&F, which is ranked by the Futures Industry Association (FIA) among the top ten futures exchanges in the world, offers a wide variety of derivatives contracts based on commodities and financial assets. These include interest rates, the Real/U.S. Dollar, stock and price indexes, gold, and agricultural commodities, such as coffee, soybean, sugar, cotton, corn, and livestock. Contracts may be forward, futures, options on cash, and options on futures. Structured transactions -- forward rate agreement, forward points, volatility trading -- are also available for stock index, exchange rate and interest rate contracts. Spot U.S. Dollar transactions are also carried out on the floor for the interbank market. BM&F also provides trading systems for Government bonds. In 1993, BM&F developed OTC derivatives -- swaps and flexible options -- which are traded between the parties, registered in an electronic platform. BM&F also offers clearing services for all its markets. On Friday, May 18th, BM&F launched a new contract: ethanol futures. Brazil is the largest sugar cane ethanol producer which is an important renewable source of clean energy. Last December 2006 General Assemble of BM&F authorized the Board of Governors to study the possibility of the exchange demutualization.