BM&F Bovespa Founded: 1980 Owner: BM&FBovespa Address: Praca Antonio Prado, 48 Centro, Sao Paulo Market capitalisation: R$21.14 billion In 2008, the Sao Paulo Stock Exchange (Bovespa) and the Brazilian Mercantile Futures Exchange (BM&F) combined to form BM&FBovespa. Until the 1960s, Bovespa and other Brazilian stock markets were owned by the government and brokers too were state-appointed. It was only in 2007, that Bovespa became a for-profit establishment