THICK ASBRICS

摘要

As the european union unravels.The brics are coming together. In mid-October seven major stock exchanges in Brazil, Russia, India, China and South Africa announced plans to cross-list derivatives on their benchmark indexes. Brics investors can already purchase exchange-traded funds on, say, the Standard & Poor's 500 Index. But by the second quarter of 2012, a South African, for example, should be able to buy Brazilian futures and options on the Bovespa Index through the Johannesburg Stock Exchange.