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RIO DE JANEIRO, BRAZIL - They say that when someone buys stock in a company, they become the owner of a part of it, without the responsibilities of a majority partner. However simplified this definition may be, it is accurate. And now, for the first time, any Brazilian wishing to invest in American companies can do so: an account at an online brokerage house is all it takes (most do not charge a maintenance fee).

Since last Thursday, October 22nd, the trading of BDRs (Brazilian Depositary Receipts), which are equivalent to shares traded on US stock markets, has become a reality . . .

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