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B3 Launches New Products In December - New Derivatives Begin To Be Traded On The 10th

Date 07/12/2018

B3 announced today new products coming to market this month: FX Futures, Options on DI Futures + VTF (Forward Rate Volatility), Single Stock and Units Futures, Micro S&P 500 Futures, and Mini U.S. Dollar Options.

The new derivatives will be available for trading as of December 10 and are part of the series of launches that B3 plans to release to the market by year end 2019.

"The products we are launching this month are meant to expand even further the wide array of B3’s products and adapt them to meet the needs of our customers. These contracts seek to explore new strategies, attract more investors and help develop the Brazilian capital markets," says Marcos Skistymas, Equities Associate Director at B3. 

FX futures contracts traded in U.S. Dollars

The launch includes 15 currency pairs in US dollars. All current currencies plus three currencies that are not offered today: Russian Ruble, Norwegian Krone and Swedish Krona.

Call or Put Option on One-Day Interbank Deposit Futures Contract types 5, 6, 7, 8 and 9

Options on five new forward rate maturities, in addition to the maturities currently offered.

 Forward Rate Volatility Structured Transaction (VTF)

Call or Put Option on One-Day Interbank Deposit Futures Contract and two maturities of the One-Day Interbank Deposit Futures Contract (DI Futures) in a delta-hedge ratio.

 Single Stock and Units Futures Contract

The Single Stock and Units Futures Contract (Brazilian Depositary Receipts – BDRs) that are listed on the stock exchange.  

Micro S&P 500 Futures Contract

This is a new future contract for the S&P 500 index. The size of the Micro S&P 500 Future Contract will be the value of the S&P 500 index multiplied by the value of the U.S. Dollar (USD) each point being USD 2.50 (two U.S. Dollars and fifty cents).

Mini U.S. Dollar Options Contract

Two maturities are offered for this product: monthly (similar to the regular contract) and weekly (fixing every Friday). Although it has the same characteristics as the current product, the size of the Mini U.S. Dollar Options contract is smaller. This contract is expected to attract new players (Brazilian and foreign investors), besides increasing liquidity of the U.S. Dollar market.

Further information about B3’s new products are available at: http://www.b3.com.br/pt_br/clientes/bolsa/2-semestre-2018.htm