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In view of the beginning of daylight saving time in Brazil on October 18, 2009, we hereby inform you that, as of October 19, 2009, the new trading hours (Brasília time) for the BM&FBOVESPA markets – BOVESPA and BM&F segments – will be as follows:
Regular Session
- 10:45 a.m. – 11:00 a.m. – pre-opening fixing – input of orders for the calculation of the theoretical opening price;
- 11:00 a.m. – 6:00 p.m. – continuous trading session – for all listed securities;
- 5:55 p.m. – 6:00 p.m. – closing call – for all the shares composing the São Paulo Stock Exchange (BVSP) indexes and for the options series of underlying shares which comprise the IBrX-100 theoretical portfolio.
After-Market
- 6:30 p.m. – 6:45 p.m. – pre-opening phase;
- 6:45 p.m. – 7:30 p.m. – trading phase.
Blocking /Exercise on the Stock Options Market:
a) Days prior to expiration:
- 11:00 a.m. – 5:00 p.m. – exercise of option holders´ positions.
b) Expiration date:
- 11:00 a.m. – 12:30 p.m. – transactions with expiring options series that close an outstanding position , that is, options holders will be permitted to carry out sale transactions and option holders will be permitted to carry out purchase transactions for blocking purposes ;
- 12:30 p.m. – 2:00 p.m. – only exercise of option holders´ positions for expiring options series.
Blocking/Exercise on the Index Options Market:
a) Days prior to expiration:
- 11:00 a.m.– 2:00 p.m. – exercise of option holders´ positions.
b) Expiration date:
- 11:00 a.m. – 2:00 p.m. – transactions with expiring options series that close an outstanding position , that is, options holders will be permitted to carry out sale transactions and option holders will be permitted to carry out purchase transactions for blocking purposes ;
- After 6:00 p.m – automatic exercise of option holders´ positions for expiring options whenever:
(i) in the case of a call option: the settlement index is greater than the strike price; and
(ii) in the case of a put option: the settlement index is less than than the strike price.
Trade corrections:
- until 7:30 p.m.
Over-the-Counter Market
- 10:45 a.m. – 11:00 a.m. – pre-opening fixing;
- 11:00 a.m. – 6:00 p.m. – continuous trading session;
- 5:55 p.m. – 6:00 p.m. – call de fechamento – for all the issuers whose shares are traded in the spot market during the continous trading session.
Trading Hours on GTS
Real-Denominated Interest Rate Futures and Option Contracts
Real-Denominated Interest Rate Futures and Option Contracts
| Contract | Ticker | Regular Hours | Electronic Call | Extended Hours (T+0) | After-hours (T+1) | |||
| Opening | Closing | Opening | Opening | Closing | Opening | Closing | ||
| ID Futures | FUT DI1 | 09:00 | 16:00 | 16:05 | 16:45 | 18:00 | - | - |
| Long-term ID Futures | FUT DIL | 09:00 | 16:00 | - | 16:45 | 18:00 | - | - |
| Option on ID Futures | OPF DI | 09:00 | 16:00 | - | 16:45 | 18:00 | - | - |
| Option on IDI | OPD IDI | 09:00 | 16:00 | - | 16:45 | 18:00 | - | - |
| ID Volatility | OPF VF | 11:45 ¹ | 16:00 | - | - | - | - | - |
| IDI Volatility | OPD VID | 11:00 ¹ | 16:00 | - | - | - | - | - |
¹ Opening after the opening call
US Dollar-Denominated Interest Rate Futures and Option Contracts
| Contract | Ticker | Regular Hours | Electronic Call | Extended Hours (T+0) | After-hours (T+1) | |||
Opening |
Closing |
Opening |
Opening |
Closing |
Opening |
Closing |
||
| ID x US Dollar Spread Futures | FUT DDI | 09:00 |
16:00 |
- |
17:00 |
18:00 |
- |
- |
| FRA on ID x US Dollar Spread | FUT FRC | 09:00 |
16:00 |
16:05 |
17:00 |
18:00 |
- |
- |
| ID x US Dollar Swap with Reset | FUT SCC | 09:00 |
16:00 |
- |
17:00 |
18:00 |
- |
- |
| A-Bond 2018 Futures | FUT A18 | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| Global Bond Futures | FUT B | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| US T-Note Futures | FUT T10 | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| CDS Brazil Futures | FUT BC | 09:00 |
18:00 |
- |
- |
- |
- |
- |
Exchange Rate Futures and Option Contracts and Spot US Dollar Contract
| Contract | Ticker | Regular Hours | Electronic Call | Extended Hours (T+0) | After-hours (T+1) | |||
Opening |
Closing |
Opening |
Opening |
Closing |
Opening |
Closing |
||
| Spot US Dollar | USD | 09:00 |
16:15 |
- |
- |
- |
- |
- |
| US Dollar Futures | FUT DOL | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| Mini US Dollar Futures | FUT WDL | 09:02 |
18:00 |
- |
- |
- |
- |
- |
| Euro Futures | FUT EUR | 09:00 |
18:00 |
- |
- |
- |
- |
|
| Euro x BRL Futures | FUT EBR | 09:00 |
18:00 |
- |
- |
- |
- |
|
| US Dollar Forward Points | FUT FRP0 | 09:00 |
13:00 |
- |
- |
- |
- |
- |
| US Dollar Forward Points | FUT FRP1 | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| US Dollar Rollover | FUT DR1 | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| Option on US Dollar | OPD DOL | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| Option on US Dollar Volatility | OPD VTC | 10:15 1 |
16:00 |
- |
- |
- |
- |
- |
| Futures-Style Option on US Dollar | OPD DLA | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| US Dollar Volatility with Futures-Style Option | OPD VCA | 10:15 2 |
16:00 |
16:30 |
- |
- |
- |
- |
| Option on US Dollar Futures | OPF DOL | 09:00 |
18:00 |
- |
- |
- |
- |
- |
¹ Opening after the opening call.
² Opening after the opening call for the Option on US Dollar Volatility (VTC).
Inflation Index and ID x Inflation Index Spread Futures Contracts
| Contract | Ticker | Regular Hours | Electronic Call | Extended Hours (T+0) | After-hours (T+1) | |||
Opening |
Closing |
Opening |
Opening |
Closing |
Opening |
Closing |
||
| ID x IGP-M Spread | FUT DDM | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| ID x IPCA Spread | FUT DAP | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| FRA on ID x IGP-M Spread | FUT FRM | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| FRA on IGP-M | FUT FRG | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| FRA on IPCA | FUT FRI | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| IGP-M Futures | FUT IGM | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| IPCA Futures | FUT IAP | 09:00 |
18:00 |
- |
- |
- |
- |
- |
Stock Index Futures and Option Contracts
| Contract | Ticker | Regular Hours | Electronic Call | Extended Hours (T+0) | After-hours (T+1) | |||
Opening |
Closing |
Opening |
Opening |
Closing |
Opening |
Closing |
||
| Ibovespa Futures | FUT IND | 10:00 |
18:15 ³ |
- |
- |
- |
- |
- |
| Mini Ibovespa Futures | FUT WIN | 10:02 |
18:15 ³ |
- |
- |
- |
- |
- |
| Ibovespa Forward Points IBV | FUT FWI | 10:00 |
13:00 |
- |
- |
- |
- |
- |
| Ibovespa Rollover IBV | FUT IR1 | 10:00 |
18:15 ³ |
- |
- |
- |
- |
- |
| IBrX-50 Futures | FUT BRI | 10:00 |
18:15 ³ |
- |
- |
- |
- |
- |
| Option on Ibovespa Futures | OPF IND | 10:00 |
18:15 ³ |
- |
- |
- |
- |
- |
| Ibovespa Volatility | OPF VOI | 11:30 ¹ |
18:15 ³ |
- |
- |
- |
- |
- |
¹ Opening after the electronic call.
² Daily calls at 11:30 and 15:30.
³ On the futures contract’s expiration date, regular trading hours will close at 18:00 for the expiring contracts.
Commodities Futures and Option Contracts and Spot Commodities Contracts
| Contract | Ticker | Regular Hours | Electronic Call | Extended Hours (T+0) | After-hours (T+1) | |||
Opening |
Closing |
Opening |
Opening |
Closing |
Opening |
Closing |
||
| Arabica Coffee Futures | FUT ICF | 09:00 |
16:35 |
16:40 |
- |
- |
17:15 |
18:00 |
| Mini Arabica Coffee Futures | FUT WCF | 09:02 |
16:35 |
- |
- |
- |
- |
- |
| Arabica Coffee Rollover | FUT CR1 | 09:00 |
16:35 |
- |
- |
- |
17:15 |
18:00 |
| Live Cattle Futures | FUT BGI | 09:00 |
16:00 |
16:05 |
- |
- |
17:00 |
18:00 |
| Mini Live Cattle Futures | FUT WBG | 09:02 |
18:00 |
- |
- |
- |
- |
- |
| Live Cattle Rollover | FUT BR1 | 09:00 |
16:00 |
- |
- |
- |
17:00 |
18:00 |
| Ethanol Futures | FUT ETN | 09:00 |
12:30 |
12:35 |
- |
- |
13:30 |
18:00 |
| Sugar Futures | FUT ISU | 09:00 |
12:45 |
12:50 |
- |
- |
13:30 |
18:00 |
| Cash-Settled Corn Futures | FUT CCM | 09:00 |
15:30 |
15:35 |
- |
- |
16:15 |
18:00 |
| Corn Price Basis Futures | FUT CTM | 09:00 |
15:00 |
15:05 |
- |
- |
15:45 |
18:00 |
| Corn Price Basis Futures | FUT COP | 09:00 |
15:00 |
15:05 |
- |
- |
15:45 |
18:00 |
| Corn Price Basis Futures | FUT CRV | 09:00 |
15:00 |
15:05 |
- |
- |
15:45 |
18:00 |
| Corn Price Basis Futures | FUT CPG | 09:00 |
15:00 |
15:05 |
- |
- |
15:45 |
18:00 |
| Corn Rollover | FUT MR1 | 09:00 |
15:30 |
- |
- |
- |
16:15 |
18:00 |
| Soybean Futures | FUT SOJ | 09:00 |
15:00 |
15:05 |
- |
- |
15:30 |
18:00 |
| Soybean Rollover | FUT SR1 | 09:00 |
15:00 |
- |
- |
- |
15:30 |
18:00 |
| Option on Sugar Futures | OPF ISU | 09:00 |
12:45 |
- |
- |
- |
- |
- |
| Option on Live Cattle Futures | OPF BGI | 09:00 |
16:00 |
- |
- |
- |
- |
- |
| Option on Arabica Coffee Futures | OPF ICF | 09:00 |
17:00 |
- |
- |
- |
- |
- |
| Option on Cash-Settled Corn Futures | OPF CCM | 09:00 |
15:30 |
- |
- |
- |
- |
- |
| Option on Soybean Futures | OPF SOJ | 09:00 |
15:00 |
- |
- |
- |
- |
- |
| Gold Futures (250g) | FUT OZ1 | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| Gold Spot (250g) | DIS OZ1 | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| Gold Spot (10g) | DIS OZ2 | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| Gold Spot (0.225g) | DIS OZ3 | 09:00 |
18:00 |
- |
- |
- |
- |
- |
| Option on Gold (250g) | OPD OZ1 | 09:00 |
18:00 |
- |
- |
- |
- |
- |
