Brazilian Mercantile and Futures Exchange
São Paulo, Brazil
Abbreviation
BMF
Location
São Paulo, Brazil
Region
Americas
Group
B3
Product Types
Agricultural, Biofuels, Energy, Financial Derivatives
About Brazilian Mercantile and Futures Exchange
The Brazilian Mercantile and Futures Exchange (BM&F) was one of the world's largest derivatives exchanges, founded in São Paulo in 1983. In 2008, BM&F merged with the São Paulo Stock Exchange (Bovespa) to form BM&FBOVESPA. In 2017, it merged again with CETIP to create B3 (Brasil, Bolsa, Balcão) — now Latin America's largest financial exchange group by market capitalisation. B3 continues to operate commodity derivatives including sugar, arabica coffee, live cattle, ethanol, and gold contracts.
More Exchanges in Americas
Memphis Cotton Exchange
— · Memphis, United StatesThe Memphis Cotton Exchange, founded in 1873 in Memphis, Tennessee, was a historic spot market for cotton pricing, grading, and trading in the American South. As one of the world's largest cotton-handling cities, Memphis became a natural hub for cotton commerce. The Exchange provided standardised grading and price reporting services for the US cotton industry for over a century, though trading activity and formal exchange functions have significantly diminished as futures markets and ICE took over price-discovery roles.
Winnipeg Commodity Exchange
WCE · Winnipeg, Manitoba, CanadaThe Winnipeg Commodity Exchange (WCE), founded in 1887, was Canada's primary agricultural futures exchange, serving as the world's leading market for canola futures and other Canadian crops including oats, flaxseed, and domestic feed wheat. In 2007, WCE was acquired by Intercontinental Exchange (ICE) and renamed ICE Futures Canada in 2008. Canola futures, the exchange's flagship contract, continue to be one of the most actively traded agricultural derivatives globally under ICE.
Flett Exchange
— · Jersey City, United StatesFlett Exchange was a New Jersey-based electronic exchange for environmental commodity credits, established around 2004. Flett specialised in US environmental market instruments including NOx (nitrogen oxide) allowances under the EPA SIP Call, SO2 (sulphur dioxide) allowances under the Acid Rain Program, Regional Greenhouse Gas Initiative (RGGI) carbon allowances, and Renewable Energy Certificates (RECs). The exchange served power generators, utilities, and compliance buyers navigating the complex US state and federal cap-and-trade regulatory frameworks for air emissions.
Houston Street Exchange
— · Houston, United StatesHouston Street Exchange was an early electronic over-the-counter (OTC) energy trading platform based in Houston, Texas, offering spot and forward contracts for crude oil and refined petroleum distillates. Launched in the late 1990s during the initial wave of online energy trading, the platform ceased operations in the early 2000s following the collapse of energy trading markets in the wake of the Enron scandal.