Listed e OTC

Securities Portability – RCVM 210

In compliance with CVM resolutions 209 and 210/2024, the electronic portability functionality offers transparency, agility and security to the market.

Technology and operations

Upgrade of STVM Custody Transfer – OTC

The STVM Custody Transfer service will replace manual and paper transactions related to the transfer of assets of the same ownership between different financial institutions.

Equities

DLT Module at B3 Central Depository (Account Movements and Balance)

New DLT module will facilitate queries on account movements and balance at B3 Central Depository.

Listed

New Flow for Specific Taxation Treatment

Securities Lending

Margin Call in Revenue Netting Scenarios

New rule eliminates margin calls when revenue netting is involved, thus reducing the financial impact.

Interest rate and currencies

Implied Project

The Implied Project will boost liquidity and improve product execution costs, besides reducing fees.

Technology and operations

SINACOR - Version 25.2 (Non-Mandatory)

SINACOR Version 25.2 brings improvements to key modules and new features.

Securities Lending

Unified Rate and Outlier Treatment

The unified rate reflects all trades and replaces the current OTC rate (T-1).

Derivatives

Reduction in the Copom Option Contract Point Value

Reducing the contract point value makes the Copom Option more accessible to investors with different profiles.

Listed

New Clearing Screens (CVA System) - Failure Prediction Query Screen

Interest rate and currencies

Ethereum and Solana Futures

B3 launches Ethereum and Solana Futures contracts to expand investor access to the cryptoasset market in a safe and regulated manner.

Technology and operations

New Participant Onboarding Platform

Equities

Ibovespa Options with Weekly Expirations

Ibovespa options now expire every Wednesday, making the product more attractive to investors.

Derivatives

Weekly Options on Small Cap Index Expiring on Mondays

New options on Small Cap Index will expire on Mondays.

Equities

Ibovespa B3 BR+ Futures, Rollover and Options

New derivatives linked to the Bovespa B3 BR+ Index expand strategies and hedging possibilities.

OTC

Redirecting LF Events

Investors will be able to define the recipient of financial events in pledged LFs.

Interest rate and currencies

Alignment of SCS Daily Settlement with DDI

The SCS settlement price will no longer be adjusted by the one-day Selic rate. It will be aligned with the DDI settlement price, thus reducing the cost for players to hedge their positions.

Securities Lending

Securities Lending – Automatic Renewal with Rate Update in Electronic Trading

Automation will ensure convenience while reducing the operational flow of rate renewal in electronic trading

Securities Lending

Securities Lending - Eliminating Double Executing Participant’s Approval on Lending Agreement Renewal

When the executing participant is the same at both the lending and borrowing legs, approval will only need to be given once.

Listed e OTC

New Dynamics for Registration and CPF of Non-Resident Investors

Integration with CVM will simplify and speed up registration of non-resident investors with B3.

Cross Market

Improvements to the Midpoint Order Book for Block Trading

Trading of any amount starting from the minimum size and minimum execution quantity via Midpoint.

Fixed income solutions

Trademate - FIX Connectivities

Connectivity between B3’s fixed income trading platform and your company systems

Equities

ReVar - Brazilian Internal Revenue Service Tool for Calculation of Individual Investors’ Income Tax (IRPF) on Equities Transactions

Technology and operations

SINACOR - Version 24.3

SINACOR update is mandatory and offers greater agility, ease and improvement to the system’s user experience

Technology and operations

Launch of the SINACOR Version 23.3.1 (Non-Mandatory)

Technology and operations

SINACOR - Version 24.1

Integrated Brokerage House Management System is upgraded with new modules and functionalities

Technology and operations

SINACOR - Version 24.2 (Non-Mandatory)

B3’s Integrated Brokerage House Management System (SINACOR) is updated and new functionalitiess are added.

Technology and operations

Registration Updates Page - Listed (SINCAD) and OTC (NoMe) – 2025

The implementations optimize the experience of users of the SINCAD and NoMe systems.

Listed

iMercado – Registration Flow

New initiative offers standardization in the registration opening process and updates for institutional clients    

Commodities

Launch of New Gold Futures Contract

New Gold Futures Contract makes gold exposure more affordable to retail investors.

Securities Lending

Securities Lending - Automatic OTC Renewal

Automatic renewal of OTC securities lending contracts brings operational efficiency and scale gains for the participants involved

Interest rate and currencies

Contract Size Reduction - Bitcoin Futures

Reducing the size of the Bitcoin Futures contract attracts new investors and promotes liquidity.

Technology and operations

SINACOR - Version 25.1

SINACOR version 25.1 is mandatory for the market and offers agility, ease and improvement to the product’s user experience.

Equities

Average Price Allocation

Interest rate and currencies

Offshore Interest Rate Products - A Model Similar to DI Futures

Offshore Interest Rate Futures will have a similar model to DI1 Futures Contract, facilitating investor access to interest rates in foreign countries.

Listed

New Deposit Flow of Listed Securities

Simplifying the deposit of listed securities for investors, registrars, custody agents and depository

Equities

New Equities Fee Structure

New project will come into force in 2025 and aims to harmonize B3's fee policies

Cross Market

B3 Block Trading Facilities

Interest rate and currencies

Increasing Decimal Places – DIF Short Leg

The implementation will improve FRA on DI1 and FRA on DAP strategies, while reducing price distortions

Interest rate and currencies

EDS Tick Size Change for Short Leg DI1 Contracts with Maturity of up to 3 Months

The change in the EDS tick size for short leg DI1 contracts will improve accuracy, reduce errors and facilitate the use of the Implied functionality. Discover all the benefits.

Interest rate and currencies

New U.S. Dollar Complex Fee Structure

Equities

Ibovespa Options Pricing Improvement

Pricing will now consider the future position and the spot market.

Interest rate and currencies e Derivatives

DI Futures - Tick Size Change for Contracts with Maturities of up to 3 Months

The change makes the DI Futures Contract tick size adherent to the volatility level of the first three maturities.

Data

iMercado: IMBARQ001 File Division

New IMBARQ files bring forward iMercado post-trade data

Derivatives

Extension of Expiring Options Trades - Phase 1

Securities Lending

Securities Lending – Improvements to Electronic Trading Orders

Initiatives will improve user experience in securities lending and enhance B3’s electronic trading platform, bringing usability similar to the spot market

Interest rate and currencies

Reference Price for Government Bond Fixed Income ETFs

New initiative seeks to minimize distortions on days of lower liquidity

Credit

New Registration System for Rural Product Note (CPR) Registration

Securities Lending

Automatic Approval by Custodians when Undertaking Securities Lending

BTB system features new automatic approval flow, speeding up custodian approvals.

Listed

Trading Sub-Account

The Trading Sub-Account entity in the LiNe system reduces costs, simplifies accounts and maintains strategies risk control.

Listed, OTC e Technology and operations

Registration Updates Page - Listed (SINCAD) and OTC (NoMe)

New implementations optimize the user experience of the SINCAD and NoMe systems.

OTC

Funding Asset Distribution Platform

New system to streamline data exchange between banks and brokerage houses, and integrated into B3’s Central Depository.

Equities

Upgrade of Asset Transfer between Custodians (STVM) - Listed Products

Equities

Remote Voting for Shares via B3 Investor Area

The goal is to facilitate investor participation in company meetings and decision-making.

Fixed income solutions

Trademate Platform

OTC

Changes to the Disclosure of COE in the Daily Market Bulletin

New exclusive subchapter in the BDM for the disclosure of data on COEs centralizes data and ensures greater data reliability.

Index

New Methodology - ICO2 B3 | Selection Process 2024-2025

New methodology facilitates the selection process of assets that will make up the index portfolio.

Equities

Reduction in Options on Ibovespa Contract Size

The goal is to attract new investors by increasing the product’s liquidity.

Equities

Trading Index Options (Ibovespa, Small Cap and IbrX-50) on Expiration Day

Ibovespa, Small Cap and IBrX-50 options can now be traded on expiration day.

Equities

FII ETFs

FII ETFs allow investing in a diversified real estate portfolio with liquidity and passive income.