Fee reduction
The reduction will enable new trades and strategies for those who trade the IDI option on specific days or who do not trade large volumes.
Improved Fee Structure for IDI Options
The project will bring fee reduction for those who do not trade IDI Options frequently or in large volumes
B3 will provide a fee reduction on IDI Options for those who do not trade the product frequently or do not trade large volumes.
The fee reduction will occur through the reduction of the average cost between the 1st and 5th fee schedule tier of the average daily volume (ADV) of contracts traded on the exchange.
Click here in the Support Material section to download the fee schedule
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Product benefits
Learn more about IDI Options
Read further about the index and the derivative
The One-Day Average Interbank Deposit Rate Index (IDI) is an index adjusted daily by the One-Day Average Interbank Deposit Rate (DI) calculated and published by B3. The Index has a theoretical value at the creation date of 100,000 points.
Options on the index, therefore, are similar to instruments widely used in international markets to hedge against interest rate fluctuations, such as caps and floors. Click here to read more.
Upcoming Implementations
In May 2024, B3 will carry out the following:
(i) Implementation of differentiated pricing for IDI Options UDS, granting discounts to those wishing to trade Options strategies on B3 through the functionality; (ii) Simplification of the fee structure model for single legs.
Timeline
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10/02/2023
Go-live
Date of availability to the market
Technical details
Catalog changes
No catalog changes
Main systems
No systems impacted.
Main related functions
No related functions.
Certification roadmap
No impact
What is the Sinacor version?
No impact
