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Table of Contents


BM&F BOVESPA Market Data is a service in real-time sending news generated by the Exchange to anywhere to the world, along with news about the equity and derivatives markets.


BOVESPA Market Data Adapter works with the following market data interfaces: UMDF PUMA Conflated and UMDF. The short descriptions of these interfaces are presented below. The more detailed information is available here:

UMDF PUMA Conflated

The UMDF PUMA Conflated platform uses the TCP protocol, different to from the UMDF PUMA Platform which uses a combination of the MULTICAST and UDP protocols. This platform enables Market Data distributors to use communications network infrastructures and interfaces at lower implementation and maintenance costs. It also requires reduced bandwidth as, through the signature mechanisms, it enables the recovery of BM&F BOVESPA Market Data from any segment, using the same FIX session at two order book depths: Market by Price (MBP) and Market by Order (MBO).

UMDF PUMA Conflated principally meets Market Data distributors’ needs for trading screens or consultation screens. It is not recommended for the consumption of trading algorithms or automated order entry systems as, due to Conflation, the order book update messages are sent at 300-millisecond intervals. Messages for executed trades, statistics, and news, meanwhile, will be sent in real-time.

What are the forms of connection? 
Firms, trading customers and market data vendors may have access to the UMDF PUMA Conflated platform via the Exchange co-location facilities, RCCF2 and RCB.


The UMDF (Unified Market Data Feed) platform provides low latency, state of the art market data service to BM&F BOVESPA customers. Client systems may access its products, encompassing the full set of Exchange-traded instruments in different asset classes: derivatives (futures, options on futures, foward, private bonds, cash equities, ETFs and options on equities) as well BM&F BOVESPA's indexes: Ibovespa, IBRX-50, SMALL CAP, amongst others.