How can I get BOVESPA publications?
By clicking BOVESPA > Tools > Publications, you can find a range of institutional and market contents such as São Paulo Stock Exchange and the Brazilian Capital Market; Annual Report; Overview of the Brazilian Economy and the Capital Market; Novo Mercado (New Market); Nível 1 and Nível 2 (Special Corporate Governance Levels), among others.

What do ON and PN shares mean?
An ON stock is a Common Share (Ação Ordinária), which grants voting rights at the company's general meetings. A PN stock (Ação Preferencial) is a Preferred Share, which gives preference to receive profits or refund of capital in case the company is dissolved. However, preferred stocks do not grant voting rights or restrict them. Preferred stocks can also be differentiated by classes: A, B, C or any other letter provided after "PN". Features of every class are established by the stock-issuing company in its by-laws. Such differences vary from company to company.

What is Home Broker?
It is a system connected to MEGA BOLSA (BOVESPA trading system) that enables investor to send out orders through the Brokerage Firm’s website. In order to do that, the user must be client of a Brokerage Firm that offers the home broker system. Click for further information.

What is MEGA BOLSA?
MEGA BOLSA is BOVESPA's trading system that processes buy or sell orders electronically. Therefore, the whole process has become more fair and transparent, allowing brokerage houses and vendors to view all orders in real time, via private networks. Click for further information.

Which are BOVESPA’s indices?
Bovespa Index (Ibovespa), Brazil Index (IbrX), Brazil Index 50 (IBrX 50), Valor Bovespa Index (IVBX-2), Special Corporate Governance Stock Index (IGC), Electric Power Index (IEE), Telecommunication Sector Index (ITEL), Industrial Sectos Index (INDX), Special Tag Along Stock Index (ITAG) and Corporate Sustainability Index (ISE).

What is Ibovespa?
It is the benchmark Bovespa Index, compound of the most traded stocks on BOVESPA. Click for further information.

What is IBrX?
It is Brazil Index, a price index that measures the return on a theoretical portfolio composed of 100 stocks selected among BOVESPA's most active traded securities, in terms of number of trades and financial value. Click for further information.

What is IbrX-50?
It is Brazil Index 50, an index which measures the total return on a theoretical portfolio composed of 50 stocks selected among BOVESPA's most actively traded securities in terms of liquidity, weighted according to their number of shares outstanding. Click for further information.

What is IVBX-2?
It is Valor Bovespa Index - 2nd Tier, an index jointly developed by BOVESPA and Valor Econômico newspaper, which measures the return on a theoretical portfolio consisting exclusively of securities issued by companies of excellent image among investors, classified from the 11th position down, both in terms of market value and liquidity of their shares. Click for further information.

What is IGC?
It is the Special Corporate Governance Stock Index, designed to measure the return of a theoretical portfolio composed of shares of companies with a good level of corporate governance. Such companies should be traded on BOVESPA's "Novo Mercado" or should be classified at "Level 1" or "Level 2" of Corporate Governance. Click for further information.

What is IEE?
It is the Electric Power Index, designed to provide a segmented view of the stock market by measuring the electric power sector performance. It is composed of the power sector’s most representative companies listed on BOVESPA. Click for further information.

What is ITEL?
It is the Telecommunications Sector Index designed to provide a segmented view of the stock market by measuring the telecommunication sector performance. ITEL is composed by the telecommunications sector's most representative companies, including listed fixed and mobile telephony companies. Click for further information.

What is INDX?
It is the Industrial Sector Index developed to measure the performance of the most representative companies of the industrial sector, an important segment of Brazilian economy. Click for further information.

What is ITAG?
It is the Special Tag Along Stock Index designed to measure the return of a theoretical portfolio composed of shares of companies which offer, in case of control sale, better conditions to minority shareholders than those required by law. Click for further information.

What is ISE?
It is the Corporate Sustainability Index designed to measure the return on a portfolio composed of shares of companies highly committed to social responsibility and corporate sustainability, and also to promote good practices in the Brazilian corporate environment. Click for further information.

Where can I find an online version of BOVESPA Rules?
Click here to view BOVESPA’s Operational Regulations or Operational Procedure Manual.

Which are the companies listed on BOVESPA?
Click here to see the full list.

Where can I find the BOVESPA market calendar?
Access BOVESPA > Calendar & Hours > Holidays.

What are the BOVESPA’s trading hours?
Access BOVESPA > Calendar & Hours > Trading Hours.

Where can I get market capitalization information for listed companies?
Access Market > Market Capitalization.

Can I get Brazilian Stock Exchange Notices by email?
Yes, click here to sign BOVESPA News (free).

What is CBLC?
Created in 1997 as a spin-off of BOVESPA, CBLC (Brazilian Clearing and Depository Corporation) acts as a Central Securities Depository, a Securities Settlement System and a Central Counterparty for equities, equities' derivatives and corporate debt instruments. It is a for-profit corporation owned by market participants and a self regulatory organization under the supervision of the Brazilian Securities Commission (CVM) and the Central Bank. For further information, visit CBLC´s website in english.

What is BTC - Securities Lending Program?

Opportunity to increase the return of your investments.

Holders of investment portfolios in general may donate securities, including pension and investment funds. Investors, natural persons and legal entities, including financial institutions, may borrow securities on loan, there being legal restrictions for only some segments of institutional investors.

The Securities Lending Program - BTC is a service through which investors may make securities available for loan and interested parties may borrow them based on the presentation of guarantees. The CBLC – Brazilian Clearing and Depository Corporation acts as counterparty in the process and guarantees the operations.

The service is accessed by an electronic system and the borrower pays a fee to the lender, along with emoluments for the CBLC. The fee is freely negotiable between the parties. All of the dividends declared by the bond issuer belong to the original owner.

Click here to check all the details on the service.

Click here to consult open positions on BTC.

What is POP?
Protected and Participative Investment, or POP for short, is a variable income product traded on the BOVESPA, which affords certain protection against any losses (devaluation) on investments in stocks in exchange for sharing in the potential earnings of these investments. This is achieved on the basis of a combination of investments in stocks and in their derivative products. Click here for further information.