Material name
Date
Material Type
Language
Format
Size
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.
Sign up and follow up the project
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 pairs in Brazilian Real and in U.S. Dollar follow the same model as U.S. Dollar Futures contracts (DOL/WDO), where:
- Fixing date: Last business day of the month prior to maturity.
- Maturity date: First business day of the contract month.
To facilitate access by international investors, encourage arbitrage with offshore markets and increase liquidity, B3 will adopt maturity and fixing dates in line with international standards. See how it will work:
- Fixing date: Third Monday of the contract month
- Maturity date: Third Tuesday of the contract month
Other contract specifications, such as size, margin and trading rules, will not be changed. The change does not harm current investors of the products and opens up the possibility of development with new customers. The alignment of dates facilitates the entry of foreign investors and price makers into these contracts, which can lead to an increase in traded volumes on screen and a reduction in spreads, also allowing the entry of individual investors who do not yet trade the products.
Allows trading contracts based on the stock market’s future expectations in four major segments: interest rate, currencies, indices and commodities.
Timeline
-
06/02/2025
Go-live
Available to the market
Technical details
-
Catalog changes
To be defined
-
Main systems
To be defined
-
Main related functions
To be defined
-
Certification roadmap
No impact
-
What is the Sinacor version?
No impact
