The Market Risk for Trades (RMKTN) metrics will not replace the Market Risk (RMKT) metrics. The main difference between them is that the RMKTN does not consider offers, only trades and positions. Check out its main features: .

• Near-time risk metrics: Offers and trades are assessed once they are entered into the trading engine, i.e., the metrics are assessed outside the order’s critical path.
• Limit assignment by PNPs (Full Trading Participants) and PLs (Settlement Participants) is mandatory for documents, resulting in the cancellation of new orders if not executed, and is optional for accounts.
• Market participants can choose whether they want the metrics to be calculated from the document or the account perspective.
• When the RMKTN is violated, the protected mode is triggered and all open orders in the book of all markets are canceled.
• When the protected mode is triggered, only the IRKMT (Risk Exposure) and SPI (Private Position in Protected Mode) metrics are assessed, allowing only risk and position reductions.

The following are considered when calculating the RMKTN: 

• Unit risk per instrument in each stress scenario
• Long/short positions in the opening portfolio
• Buy trades executed during the day 
• Sell trades executed during the day 

Market segments considered in the RMKTN calculation:

• All contracts in the derivatives segment 
• OTC derivatives (swaps, forwards and flexible options) are only considered if they are positions in the opening portfolio 

The new RMKTN risk metrics will be added to LiNe Clearing, a metric that allows participants to set trading limits and monitor investors trading in the markets managed by B3. The goal is to further strengthen support for trading participants in risk management. Learn more