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  • Notice To The Market - Review of The Budget Forecast For 2010 Expences and Investments

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    BM&FBOVESPA, the Brazilian Securities, Commodities and Futures Exchange, announced a review of its budgeted operating expenses and investments for 2010. The company had previously forecast operating expenses of R$550 million and investments of R$302 million for 2010 based on its fourth quarter 2009 earnings release. Preliminary internal estimates now indicate operating expenses could be reduced by approximately 5% to R$522.5 million, while investments could be reduced by approximately 10% to R$271.8 million. The results of this budget review process will be disclosed to the market by the end of June 2010.

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    Notice to the Market - Review of the budget forecast for 2010 expences and investments

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    BM&FBOVESPA, the Brazilian Securities, Commodities and Futures Exchange, announced a review of its budgeted operating expenses and investments for 2010. The company had previously forecast operating expenses of R$550 million and investments of R$302 million for 2010 based on its fourth quarter 2009 earnings release. Preliminary internal estimates now indicate operating expenses could be reduced by approximately 5% to R$522.5 million, while investments could be reduced by approximately 10% to R$271.8 million. The results of this budget review process will be disclosed to the market by the end of June 2010.

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    6 views1 page

    Notice To The Market - Review of The Budget Forecast For 2010 Expences and Investments

    Uploaded by

    BVMF_RI
    BM&FBOVESPA, the Brazilian Securities, Commodities and Futures Exchange, announced a review of its budgeted operating expenses and investments for 2010. The company had previously forecast operating expenses of R$550 million and investments of R$302 million for 2010 based on its fourth quarter 2009 earnings release. Preliminary internal estimates now indicate operating expenses could be reduced by approximately 5% to R$522.5 million, while investments could be reduced by approximately 10% to R$271.8 million. The results of this budget review process will be disclosed to the market by the end of June 2010.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    BM&FBOVESPA S.A.

    Bolsa de Valores, Mercadorias e Futuros


    The Brazilian Securities, Commodities and Futures Exchange
    Brazilian Federal Taxpayer CNPJ No. 09.346.601/0001-25 State Registration Number NIRE No. 35.300.351.452

    NOTICE TO THE MARKET


    Review of the budget forecast for 2010 expenses and investments

    BM&FBOVESPA S.A. Bolsa de Valores, Mercadorias e Futuros (Company) hereby announces the start of a review of our budgeted adjusted operating expenses and investments for 2010. In our earnings release for the fourth quarter of 2009 the forecast regarding these items was set at R$550 million and R$302 million, respectively. Based in preliminary internal estimates, these items of the budget forecast could be reduced by approximately 5% in the case of adjusted operating expenses and 10% in the case of investments. Taking these estimates into consideration, we do not find it appropriate to make estimates by merely annualizing the first quarter of the year figures. The outcome of this review process will be disclosed to the market up to the end of June 2010.

    So Paulo, May 12, 2010

    Carlos Kawall Leal Ferreira Investor Relations Officer

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