Material name
Date
Material Type
Language
Format
Size
Operational improvement
Possibility of creating up to 99,999 options per Futures and Spot contract month.
Increase in the Limit of Series of Options on Futures Contracts
Greater speed in creating series of Options on Futures and Spot Contracts
Greater speed in creating series of Options on Futures and Spot Contracts
B3 is implementing a major improvement in its derivatives trading segment. It will increase the limit of series of options available on Futures and Spot Contracts.
Currently, the number of series is limited to a maximum of 124 series per contract, due to the methodology used to generate the settlement ID. This limit required the analysis and closure of old series to allow the creation of new ones, which made the process operationally complex.
To increase efficiency in the creation of new series, and increase the limit of series available on Futures and Spot Contracts, the new methodology will allow the creation of up to 99,999 options per contract month.
Sign up and follow up the project
Product benefits
Greater efficiency
Greater agility in creating new option series, without having to rely on the release of old IDs.
Scalability
Significant increase in the number of option series available for trading.
More trades
The new feature enables meeting market demands with greater product availability.
Learn more
New methodology offers greater efficiency to derivatives trading at B3.
The limit for creating series of Options on Futures and Spot Contracts was up to 124 series per contract month. This required the exclusion of old series (with no open contracts) to allow the registration of new series.
Now, market participants will have greater scalability to enter new option series. With the new methodology, the limit has increased to up to 99,999 series per contract month.
Impacted Files:
- BVBG.028: Field <XprtnCd> </XprtnCd> will change from 4 characters to 10 characters.
Impacted Messages:
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System Name |
Message Name |
|
Cadastro de Instrumento |
bvmf.100.02 - Instruments |
|
Allocation and Giveup Capture |
bvmf.020.02 - SecuritiesAllocationDetails |
|
Allocation and Giveup Capture |
bvmf.021.03 - GiveUpTradeDetails |
|
Allocation and Giveup Capture |
bvmf.022.03 - TakeUpTradeDetails |
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Position Control |
bvmf.025.01 - DerivativesPositionMovement |
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Position Control |
bvmf.027.02 - FungibleDerivativesPositionReport |
|
Position Control |
bvmf.077.02 - StrategyBreakdownResponse |
|
Position Control |
bvmf.095.01 - PhysicalDeliveryPositionReport |
|
Position Control |
bvmf.098.02 - NonFungibleDerivativesPositionReport |
|
Position Control |
bvmf.179.01 - ContractSettlementReport |
|
Position Control |
bvmf.185.01 - EarlySettlementReport |
|
IMercado\Position |
imb.520.01 - OpenOptionPositionReport |
|
Fee Structure |
bvmf.092.01 - FeeUnitCostReport |
Timeline
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06/30/2025
Disclosure plan
Release plan disclosure
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09/30/2025
Start of Certification
Start of Certification
Technical details
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Catalog changes
Message Catalog
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Main systems
Trading Platform, Clearinghouse and SINACOR
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Main related functions
BVBG.028 file and public messaging
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Certification roadmap
In definition
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What is the Sinacor version?
To be defined
