Material name
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Size
Improved asset pricing
Better spreads, reducing the input and output cost of the product.
Tick Size Increase of Ibovespa Options
New project aims to increase the minimum fluctuation on Ibovespa options from 1 to 5 points
New project aims to increase the minimum fluctuation on Ibovespa options from 1 to 5 points
The Ibovespa index reached historic levels exceeding 100,000 points and leading to an increase in cost and price possibilities of Ibovespa options premiums.
The goal of this project is to reduce the spread at the top of the order book improving the asset's liquidity and pricing.
With this implementation, the Ibovespa options premium will be traded every 5 points.
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Product benefits
Learn about the impacts expected from the change
Read further details on the product’s benefits below
The tick size increase is expected to improve spreads at the top of the order book (difference between the best bid and the best ask offer), thus reducing the input and output cost of the product in bulk volumes.
Timeline
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11/20/2023
Go-live
Available to the market
Technical details
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Catalog changes
No catalog changes
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Main systems
To be defined
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Main related functions
No functions impacted
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Certification roadmap
No impact
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What is the Sinacor version?
No impact
