The number of investors participating in the HFT (High-Frequency Trader) Program, which offers fee incentives to high-frequency investors has grown substantially since its inception in 2010.
With this evolution, it was necessary to review the Program’s processes and make it smoother, faster and easier for investors and brokerage houses. To do this, B3 will automate operational flows and review pricing tables and the Program's participation rules.
Sign up and follow up the project
As etapas do processo foram automatizadas e as regras do programa foram revistas, facilitando o entendimento e a rotina de cadastramento dos clientes pelas corretoras.
Tabelas mais simples facilitam o entendimento e o recálculo das tarifas pelos investidores.
Simplification of the incentive program rules and pricing tables for high frequency traders (HFTs).
The inclusion of investors in the HFT Program and the calculations are now done exclusively in monthly windows. There is no longer the need to go through minimum requirements assessment. The new tables follow the pattern of other derivatives using a single fee with two decimal places.
Upon inclusion of an investor in the HFT Program, the HFT Committee will no longer evaluate the procedure as B3 will have specific tiers for events outside the parameters. Investors will decide if they wish to remain in the program.
The windows will be monthly and no longer bimonthly.
The ADV (Average Daily Volume) will only be calculated on a monthly basis.
All the institution's accounts will be registered at once and no longer individually.
There will only be a single range table eliminating the regressive fee structure.
The fee will now be single and will be divided between trading and post-trade by means of pro-rata matching, with 2 decimal places.
Ibovespa Index, U.S. Dollar, S&P 500 Index, Live Cattle, Arabica Coffee and Corn.
Catalog changes
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Main systems
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Main related functions
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Certification roadmap
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What is the Sinacor version?
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