OREANDA-NEWS. August 1, 2012. BM&FBOVESPA announced the winning institutions in the competitive bidding process to select market makers for ITUB4 and OGXP3 equity options. The market maker obligation shall last twelve (12) months as of September 13, 2012.

Citadel Securities LLC, Credit Suisse International and Morgan Stanley Uruguay Ltda. shall be market makers for options on the stocks of Itau Unibanco Holding S.A. (ITUB4),  complying with a maximum volatility spread of 1%.

In the case of options on the stock of OGX Petroleo e Gas Participacoes S.A. (OGXP3), the selected institutions were Credit Suisse International, Citadel Securities LLC and Optiver V.O.F,   complying with a maximum volatility spread of 0.1%.

The selected institutions presented the lowest maximum volatility spreads, which are defined as the percentage calculated on the basis of the ratio between the implied volatilities of the bid and offer prices for each option.

In this manner BM&FBOVESPA is continuing its program for market makers in ITUB4 and OGXP3 equity options.