Equities

New Equities Fee Structure

New project will come into force in 2025 and aims to harmonize B3's fee policies

Listed

CVA

The CVA screen module has an intuitive interface and allows quick access to different areas of the platform.

Technology and operations

SINACOR - Version 24.1

Integrated Brokerage House Management System is upgraded with new modules and functionalities

Equities

Forward FII and Unsponsored BDR

Launch of the new derivatives expands alternatives for investors to diversify their portfolios

B3

Liens for Tesouro Direto Bonds

Fiduciary transfer, pledge and usufruct guarantees may be constituted

Interest rate and currencies

Implied Project

The Implied Project will boost liquidity and improve product execution costs, besides reducing fees.

Securities Lending

Securities Lending - Eliminating Double Executing Participant’s Approval on Lending Agreement Renewal

When the executing participant is the same at both the lending and borrowing legs, approval will only need to be given once.

Listed, OTC e Technology and operations

Registration Updates Page - Listed (SINCAD) and OTC (NoMe)

New implementations optimize the user experience of the SINCAD and NoMe systems.

Interest rate and currencies

EDS Tick Size Change for Short Leg DI1 Contracts with Maturity of up to 3 Months

The change in the EDS tick size for short leg DI1 contracts will improve accuracy, reduce errors and facilitate the use of the Implied functionality. Discover all the benefits.

Listed e Equities

New Messaging Set for Issuing and Canceling ETFs

Group of messages allows automation by administrators and agents authorized to trade ETFs.

Integration solution

e-Watcher

e-Watcher offers speed, accuracy and safety when accessing trading data.

Technology and operations

SINACOR - Version 24.3

SINACOR update is mandatory and offers greater agility, ease and improvement to the system’s user experience

Derivatives

New B3 Clearing Platform - Risk Module

The new B3 Clearing platform is cloud-native, scalable, and has an architecture based on microservices with a focus on investor experience.

Equities

Reduction in Options on Ibovespa Contract Size

The goal is to attract new investors by increasing the product’s liquidity.

Technology and operations

SINACOR - Version 24.2 (Non-Mandatory)

B3’s Integrated Brokerage House Management System (SINACOR) is updated and new functionalitiess are added.

Equities

Trading Index Options (Ibovespa, Small Cap and IbrX-50) on Expiration Day

Ibovespa, Small Cap and IBrX-50 options can now be traded on expiration day.

Listed

Removal of Data from the B3 Portal Pages

Removing pages and centralizing data in the BDM eliminates duplication and facilitates queries.

Derivatives

Reduction in the Copom Option Contract Point Value

Reducing the contract point value makes the Copom Option more accessible to investors with different profiles.

OTC

Funding Asset Distribution Platform

New system to streamline data exchange between banks and brokerage houses, and integrated into B3’s Central Depository.

Securities Lending

Securities Lending - Automatic OTC Renewal

Automatic renewal of OTC securities lending contracts brings operational efficiency and scale gains for the participants involved

Interest rate and currencies e Derivatives

DI Futures - Tick Size Change for Contracts with Maturities of up to 3 Months

The change makes the DI Futures Contract tick size adherent to the volatility level of the first three maturities.

Derivatives

Migration of OTC Derivatives Data to the Daily Market Bulletin on B3 Portal

Daily Market Bulletin now also centralizes data on Swap, Forward and Options trades.

Equities

DLT Module at B3 Central Depository (Account Movements and Balance)

New DLT module will facilitate queries on account movements and balance at B3 Central Depository.

Equities

Remote Voting for Shares via B3 Investor Area

The goal is to facilitate investor participation in company meetings and decision-making.

Listed

New LiNe Clearing Metrics: Market Risk for Trades (RMKTN)

New RMKTN metric aims to facilitate market risk control for executed trades.

Listed e OTC

Securities Portability – RCVM 210

In compliance with CVM resolutions 209 and 210/2024, the electronic portability functionality offers transparency, agility and security to the market.

OTC

Redirecting LCI and LCA Events

When registering LCI or LCA, custodians may choose whether or not to redirect payment to investors

Equities

Ibovespa Options with Weekly Expirations

Ibovespa options now expire every Wednesday, making the product more attractive to investors.

Fixed income solutions

Trademate - FIX Connectivities

Connectivity between B3’s fixed income trading platform and your company systems

Credit

CMER Interoperability

Interoperability system offers greater safety to the market and to the different agents involved in CMER transactions.

Index

New Methodology - ICO2 B3 | Selection Process 2024-2025

New methodology facilitates the selection process of assets that will make up the index portfolio.

Interest rate and currencies

Increasing Decimal Places – DIF Short Leg

The implementation will improve FRA on DI1 and FRA on DAP strategies, while reducing price distortions

Listed e OTC

New Dynamics for Registration and CPF of Non-Resident Investors

Integration with CVM will simplify and speed up registration of non-resident investors with B3.

OTC

Changes to the Disclosure of COE in the Daily Market Bulletin

New exclusive subchapter in the BDM for the disclosure of data on COEs centralizes data and ensures greater data reliability.

OTC

Free of Payment Transfer – Confirmation by T+1

The measure integrates the improvements that B3 has made to the Free of Payment Transfer (TSF) function in the NoMe system

Commodities

Launch of New Gold Futures Contract

New Gold Futures Contract makes gold exposure more affordable to retail investors.

Securities Lending

Fixed Income ETF BDR Lending

The inclusion of new assets in securities lending expands the possibilities of investment strategies in the market.

Interest rate and currencies e Derivatives

DI1, DII and DIF - Tick Size Change for Contracts with Maturities over 5 Years

B3 reduces the tick size for long DI1 maturities from 0.01% to 0.005%.

Equities e Cross Market

Sweep & Cross

It allows you to use central order book liquidity up to a certain amount before registering the cross order.

Listed, Interest rate and currencies e Derivatives

Offshore Interest Rate Products - Digital Option

Offshore Digital Options allow trading monetary policy decisions in different markets.

Equities

Ibovespa Options Pricing Improvement

Pricing will now consider the future position and the spot market.

Commodities

Opening of Commodity Derivatives Options Series in T0

B3 opens new series of commodity derivatives options throughout the day with T0 settlement.

Securities Lending

Automatic Approval by Custodians when Undertaking Securities Lending

BTB system features new automatic approval flow, speeding up custodian approvals.

Interest rate and currencies

Reference Price for Government Bond Fixed Income ETFs

New initiative seeks to minimize distortions on days of lower liquidity

Equities

Stock Futures Fee Incentive

Equities

Small Cap Futures, Rollover and Options

New products offer efficiency to hedge transactions and allow diversification of strategies

Interest rate and currencies

Offshore Interest Rate Products - A Model Similar to DI Futures

Offshore Interest Rate Futures will have a similar model to DI1 Futures Contract, facilitating investor access to interest rates in foreign countries.

Interest rate and currencies

Daily Options on U.S. Dollar

Daily Options on U.S. Dollar bring more flexibility for hedging and speculation in exchange rates.

Interest rate and currencies

Simultaneous DOL and WDO Auction

DOL and WDO auctions will now be simultaneous, eliminating potential price discrepancies.

Listed

NTN-B1 Amortization

The Tesouro Direto system has been upgraded to process monthly Tesouro Educa+ and Tesouro RendA+ amortizations.

Interest rate and currencies

Contract Size Reduction - Bitcoin Futures

Reducing the size of the Bitcoin Futures contract attracts new investors and promotes liquidity.

Listed, OTC e Technology and operations

Improvements to Circular Letters and External Communications

Learn about the improvements made to documents disclosed through Circular Letters and External Communications

Securities Lending

Securities Lending to Non-Resident Investors

NRIs will be able to lend their assets, bringing diversification and liquidity to the market and income opportunities.

Technology and operations

SINACOR - Version 25.1

SINACOR version 25.1 is mandatory for the market and offers agility, ease and improvement to the product’s user experience.

Integration solution

CS Tools - Risk Management for the LINE Buyside

Fund managers may now query real-time data on pre-trade limits on B3’s LINE system.

Interest rate and currencies

Ethereum and Solana Futures

B3 launches Ethereum and Solana Futures contracts to expand investor access to the cryptoasset market in a safe and regulated manner.

Interest rate and currencies

New Premium and Volatility Calculation with Market Data (through Options and Options on IDI via UDS))

The new model uses real trades to estimate volatility and calculate premiums more accurately.

Equities

Ibovespa B3 BR+ Futures, Rollover and Options

New derivatives linked to the Bovespa B3 BR+ Index expand strategies and hedging possibilities.

OTC

Redirecting LF Events

Investors will be able to define the recipient of financial events in pledged LFs.

Securities Lending

RTC Filters

The new RTC filters make trading control more convenient and agile.