The BM&FBOVESPA (Portuguese pronunciation: [boˈvespa]; in full, Bolsa de Valores, Mercadorias & Futuros de São Paulo) is a stock exchange located at São Paulo, Brazil. As of December 31, 2011 it had a market capitalization of US $1.22 Trillion, making it in the 8^th largest stock exchange in the world. On May 8, 2008, the São Paulo Stock Exchange (Bovespa) and the Brazilian Mercantile and Futures Exchange (BM&F) merged, creating BM&FBOVESPA. The benchmark indicator of BM&FBOVESPA is the Índice Bovespa. There were 381 companies traded at Bovespa as of April 30, 2008.

On May 20, 2008 the Ibovespa index reached its 10^th consecutive record mark closing at 73,516 points, with a traded volume of USD 4.2 billion or R$ 7.4 billion, and in August 17, 2011 the Ibovespa made its biggest traded volume in its history, with a volume of USD 14.8 billion or R$ 23.7 billion.

BM&FBOVESPA has offices in New York, Shanghai and London.

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Founded on August 23, 1890 by Emilio Rangel Pestana, the "Bolsa de Valores de São Paulo" (São Paulo Stock Exchange, in English) has had a long history of services provided to the stock market and the Brazilian economy. Until the mid-1960s, Bovespa and the other Brazilian stock markets were state-owned companies, tied with the Secretary of Finances of the states they belonged to, and brokers were appointed by the government.