BM&FBovespa SA organizes, develops and provides systems for the trading of equities, derivates, fixed income securities, federal government securities, financial derivates, spot foreign exchange and agricultural commodities. It operates its business through the following segments: Bovespa, BM&F, and Institutional & Corporate Products. The Bovespa segment offers various mechanisms and tools for trading of fixed and variable income securities on stock and over the counter markets. The BM&F segment covers the main steps of the cycles of trading and settlement of securities and contracts. The segment also includes the trading of commodities, foreign exchange, public debt, and services provided by Banco BM&F and the Brazilian Commodities Exchange. The Institutional & Corporate Products segment provides services such as depository of securities, as well as lending and listing of securities, data services and classification of commodities, and technological products. The company was founded on May 8, 2008 and is headquartered in SÃ£o Paulo, Brazil.