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International alignment
From now on, foreign currency contracts listed on B3 will follow the standards of the world's major exchanges.
Changes to Foreign Currency Futures Contracts
In line with the world's major exchanges
In line with the world's major exchanges
Foreign Currency Futures Contracts have increasingly gained ground among investors as hedging and leverage instruments and portfolio diversification. Aware of the potential growth of this market, B3 will change the fixing and maturity dates of currency pair futures listed on the Exchange, aligning them with the practices of other exchanges around the world.
The goal is to boost this market’s growth, attracting more international investors and increasing the flow of local investors.
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Product benefits
Greater liquidity
The change will enhance on-screen liquidity for all investors.
Easy
For liquidity providers to execute arbitrage with the offshore market.
Spread reduction
By attracting more investors, traded prices will tend to become more competitive.
Learn more
Alignment with the international market increases liquidity and reduces spreads in contracts.
Until now, foreign currency futures contracts with real pairs and dollar pairs follow the following pattern:
- Fixing date: Last business day of the month prior to maturity.
- Maturity date: First business day of the contract month.
To align B3's foreign currency futures contracts with the international market, we will adopt maturity and fixing dates aligned with the International Money Market standard.See how it will work:
Foreign Currencies (EUP, GBR, AUS, JAP, SWI, NZL, NOK, SEK, TUQ, MEX, AFS, CNH)
- Fixing date: Third Monday of the expiration month
- Maturity date: Third Tuesday of the expiration month
Canadian Dollar (CAN)
- Fixing date: Third Tuesday of the expiration month
- Maturity date: Third Wednesday of the expiration month
The other characteristics of the contracts, such as size, margin and trading rules, will not be changed. The alignment of dates facilitates strategies between B3 and international markets, stimulating our market, which can lead to an increase in the volume traded on the screen and a reduction in spreads.
Allows trading contracts based on the stock market’s future expectations in four major segments: interest rate, currencies, indices and commodities.
Timeline
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06/02/2025
Go-live
Implementation in June (06/2025). Change becomes valid for contracts expiring in September (09/2025).
Technical details
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Catalog changes
To be defined
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Main systems
To be defined
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Main related functions
To be defined
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Certification roadmap
No impact
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What is the Sinacor version?
No impact
