B3 S.A. – Brasil, Bolsa, Balcão: Discounting and hyperinflation

The Group’s structure results from the merger of the São Paulo Stock Exchange, or Bovespa, and the Brazilian Mercantile and Futures Exchange, also known as BM&F – a bit like the NYSE and CME merging in the USA. See CME Group Inc: Secular trends.
In 2017, the CETIP clearing house was adde…
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