Ease
When trading DI Futures at the settlement price plus a differential.
DI1 TAS – Tick Size Reduction
Improvement to the DI1 trading spread at the settlement price via TAS
Improvement to the DI1 trading spread at the settlement price via TAS
Implemented by B3 at the end of 2022, the structured transaction of DI Futures Trade at Settlement (DIT) allows trading DI Futures (DI1) at the settlement price + spread during almost all trading hours (between 9:00 am and 4:20 pm).
Currently, TAS has the same characteristics as DI Futures including tick size.
With the improvement B3 is implementing, the tick size for all DI1 TAS maturities will be reduced to 0.001%, making the product more attractive and providing better results and spreads when trading DI Futures at the settlement price via TAS.
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Product benefits
Better results
Gain in price accuracy and smaller spreads.
Attractiveness
The DI1 product has evolved to become more attractive to investors.
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The DI1 TAS is a structured transaction that allows trading DI futures at the settlement price + spread in a simplified manner.
The DI1 TAS is a structured strategy that allows trading DI futures at the settlement price + spread in a simplified manner. It is possible to trade DI1 at the settlement price via TAS or by tracking the price through DI1 price formation. Currently, institutions prefer to execute this trade through price formation, since they can obtain smaller spreads than by trading via TAS. Therefore, we are reducing the DI1 tick size to make it more attractive.
Timeline
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08/20/2024
Disclosure plan
Release plan disclosure
Technical details
Catalog changes
No catalog changes
Main systems
To be defined
Main related functions
No functions impacted
Certification roadmap
Optional and available
What is the Sinacor version?
To be defined
