• Order routing between the electronic trading systems of CME Group and BM&FBOVESPA
• Increase the distribution capacity of both systems
• Increase volume and liquidity of both markets

Order Routing CME Group => BM&FBOVESPA
Order routing from CME Globex electronic trading platform to BM&FBOVESPA (GTS) electronic trading platform.

Order Routing BM&FBOVESPA => CME Group
Order routing from BM&FBOVESPA (GTS) electronic trading platform to CME Globex electronic trading platform.

Direct Market Access - (DMA)
The distribution of BM&FBOVESPA products through CME Globex will be carried out via DMA, by which investors place their orders directly to BM&FBOVESPA electronic trading system.

Commercial Agreement Highlights:

• Possibility for BM&FBOVESPA to distribute internationally, in a short period of time, all of its products through CME Globex, the largest global derivatives trading network.
• Several thousand terminals installed in more than 80 countries, in four continents.
• Strong push for BM&FBOVESPA 's internationalization process; and its consolidation as a regional trading marketplace and gateway to Latin America.
• Strong growth potential for BM&FBOVESPA agricultural products, that besides being able to be settled in dollar, also gain greater visibility and accessibility.
• Possibility of Brazilian brokers offering their clients full access to CME Group products, via GTS.

• Cross investment through an exchange of shares.
• Establishes a long-term partnership between both companies and emphasizes the commitment to the commercial agreement
• Lock-up and exclusiveness

Exchange of shares between the companies
The agreement foresees an exchange of shares between CME Group and BM&FBOVESPA .

Investment lock-up
CME Group and BM&FBOVESPA may not sell their cross investment shares during a period of 4 years starting from the date of the agreement.

Participation in BM&FBOVESPA's Board of Directors
BM&FBOVESPA appointed a designated person by CME Group, who was elected by the Shareholders' Meeting, to integrate its Board of Directors.

• BM&FBOVESPA facilitates clearing at CME Group through providing local services in Brazil
• Joint development of new products and partnerships

Workgroup
A work group was created composed of BM&FBOVESPA and CME Group executives that evaluates the joint development of new products and partnerships

BM&FBOVESPA as a CME Group super-clearing member
BM&FBOVESPA Bank may act as a CME Group super-clearing member, in order to facilitate settlement of CME Group contracts carried out by Brazilian investors.