The Implied funcionality is already available on EDS negotiations.

B3 has just made the Implied functionality available to the market. This allow the interaction of orders from individual books of a given product (outrights) with orders from structured transaction books (EDS) of the same product with the aim of increasing the liquidity of this market.
Initially, the functionality will be available in the Implied In mode, which consists of generating Implied orders in the EDS order books, based on two actual orders in the outrights books. In the future, the Implied Out functionality will be available consisting of generating Implied orders in the outrights order books based on actual orders in the books of one of the outrights and the strategy book.

Check out the benefits of the Implied functionality: 
 
No liquidity segregation
The Implied solution avoids liquidity segregation by creating orders in one of the books from two other books.

More liquid and deeper books
As trades are generated from orders in other books. This means more trades and greater product liquidity.

Lower execution cost
As more orders and trades are generated in the books, spreads become increasingly narrower since there will be more investors participating in this market.

Efficient fee structure + liquidity
When trading some strategies, such as EDS, costs are lower than trades via outrights. This, combined with high liquidity, increases profits.

This initiative is part of B3's commitment to continuously improve its trading systems and aims to assist market participants in planning the launch of new products and functionalities. 

If you have any questions or additional clarifications, please contact B3 Services using the following contact details:

Trading Support or Trading Services: 
+5511 2565-5021 or 2565-5022

Email: [email protected] and [email protected]