BM&FBovespa and CME Group are expecting to roll out a new trading platform by August 2011, Market Watch reports. Nearly 70 brokers are expected to participate in initial tests, which will begin in late May. BM&F is also creating a new Sao Paulo-based data center that can house the tools of high-frequency traders, brokers and telecom companies.

CME and BM&FBovespa, which each hold an equity stake in the other, may also cross-list some of the companies’ most actively traded futures contracts. BM&F will list CME’s miniature-sized futures on the S&P 500 stock index as well as smaller-sized soybean contracts. CME will then list contracts tied to the iBovespa stock index.

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