B3 Tech Launches

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09/16/2024

B3 Tech Launches | Trading

The table below offers an overview of B3’s upcoming IT & Operations projects. The overview allows market participants to effectively plan their own development and management of the upcoming tech launches. Our full trading Roadmap can be accessed here.

Service: Trading
Update frequency: every 2 weeks
Date of last update: Jan/20/2025

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Summary	Impacted services	Certification required?	Certification	Mock	Production	Description	Observation
Architecture Update of the TCP Replayer gateways to UMDF FIX/FAST	TCP Replayer/ Historical Replayer	No	August	-	Sep/16/2024	The TCP Replayer gateways will be segmented by groups of matching engines for the UMDF FIX/FAST	The fees for the legacy TCP Replayer and TCP Historical Replayer will undergo progressive adjustments starting from April 1, 2025, as described below: • Period from April 1, 2025, to April 30, 2025: 100% of the value of the table in effect at the time; • Period from May 1, 2025, to May 30, 2025: 200% of the value of the table in effect at the time; and • Period from June 2, 2025, to June 30, 2025: 300% of the value of the table in effect at the time. (date of last information update: Jan/03/2025)
Template update for Binary Order Entry Gateway	Binary Order Entry Gateway	Mandatory for the Implied functionality usage	28/10/2024	No	Nov/16/2024	Jan/27/2025 Wave 1: GWs 10001 and 10002 Jan/28/2025 Wave 2: GWs 10003 and 10004 Jan/29/2025 Wave 3: GWs 10005 and 10006 Jan/30/2025 Wave 4: GWs 10007 and 10008 Feb/03/2025 Wave 3: GWs 10009 and 10010	The update to the new version of the template file will not be mandatory, as it is backward compatible with the previous version, but it will be mandatory for the use of the new Implied functionality. The EntryPoint technical specifications are available at www.b3.com.br/en_us, at Solutions, Platforms, PUMA Trading System, Binary Order Entry Tags included: - ImpliedEventID at ExecutionReport_Trade (informed in External Communication 049/2024-VNC) - marketSegmentID will also be included in all Execution Report messages - semanticVersion field will be added to the NegotiateResponse message, indicating the current version of the binary OE gateway template. (date of last information update: Jan/20/2025)
Drop Copy Update	Drop Copy Gateways	No	No	No	To be defined	To be replanned	No changes will be required on the clients side, as these are improvements to the mechanism that handles retransmission requests, which will be transparent to the clients. (date of last information update: Jan/15/2025)
Implied	Matching Engines, FIX and Binary EntryPoint Gateways, FIX/FAST and Binary UMDF	Mandatory for all clients operating DI, DAP, and their respective EDSs of DV01	Oct/28/2024	Dec/07/2024	Launched	Schedule for maturities turning Implied on Jan/27/2025: DIIJ25N25, DIIN25V25, DIIN25F26, DIIV25F26, DIIF26J26, DIIF26N26, DIIJ26N26, DIIN26V26, DIIF27N27 The following maturities will have the functionality turned off on Jan/27/2025: DIIN25N26, DIIN25F29, DIIF27J27, DIIF28F31, DIIF30F33, DIIF33F34, DAIK25Q26 and DAIK29Q30 Maturities turning Implied on Feb/03/2025: DIIF27F28, DIIF28F29	The primary objective of the Implied functionality is to enhance market liquidity. (date of last information update: Jan/13/2025)
New Domains for Securities Lending Electronic Trading	UMDF FIX/FAST and UMDF Conflated	No	Nov/27/2024	Feb/01/2025	Feb/03/2025	Incremental(35=X) and Snapshot(35=W) messages: creation of the domains for messages that have the 276 – QuoteCondition tag: Domain LM = BTB (Limited Order) Domain AN = BTB (All or Nothing Order)* *Functionality to be implemented later	The Market Data technical specifications are available at www.b3.com.br/ en_us/ Solutions, Platforms, PUMA Trading System, Developers and vendors, Market Data FIX/FAST. (date of last information update: Dec/20/2024)
Settlement Price messages behavior change (269=6)	FIX/FAST UMDF and Binary UMDF	No	Oct/22/2024	Feb/01/2025	Feb/03/2025	At present, when different types of settlement prices are available (tag 423) for a contract, both the settlement prices, by rate (PERCENTAGE) and per unit (PER_UNIT), are published in the same message. In the new format they will be published in two different messages, with no change to tags or domains	This change is described in the new version of the Customer Impact Document (CID) at www.b3.com.br/ en_us/, Solutions, Platforms, PUMA Trading System, Developers and vendors, Market Data FIX/FAST, UMDF and UMDF Conflated (date of last information update: Dec/20/2024)
Rejection of NewOrderCross Messages with Traders Containing more than Five Characters	FIX EntryPoint Gateway	No	Nov/2024	2nd quarter/2025	2nd quarter/2025	NewOrderCross (35=s) FIX message types will be rejected when the values given in PartyRoles EnteringTrader (452=7) and ExecutionTrader (452=36) have more than five characters.	(date of last information update: Jan/07/2025)