Trading members

The trading member (PN) is a broker, securities distributor, investment bank or a bank with an investment portfolio that trades through one or more full trading member (PNP). Commodities brokers are eligible to trade financial derivatives, commodities and gold only. A PN does not have direct access to BM&FBOVESPA's trading environment. The following documents explain the access rules to such markets.

Trading access 

The PN must be previously accepted as an custody agent by BM&FBOVESPA, in accordance with the requirements set forth in the  Circular Letter 078/2008-DP.

Circular Letter 078/2008-DP - (Portuguese only)

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