BM&FBOVESPA announces the BOVESPA and BM&F segment trading times to come into effect as of October 22, due to the start of daylight saving time in Brazil on October 21. Below are the main highlights regarding the trading times for the BOVESPA (equities) and BM&F (derivatives) segments:
- There will be no change to regular trading on the BOVESPA market, meaning that continuous trading still occurs from 10:00 a.m. to 5:00 p.m.;
- The closing call will be extended for the entire OTC market and for all Real Estate Funds (FIIs);
- A closing call will be created for IBOVESPA options, as of 4:50 p.m. with closing extended by two minutes as of the end of the last stock closing call;
- Trading in BOVESPA Index Futures Contracts, which starts at 9:00 a.m., will be extended until 5:55 p.m. The closing call will be from 5:55 p.m. to 6:00 p.m.; and
- As of November 5, there will no longer be After Market trading for the cash-settled soybean futures contract;
Equities Market
Regular Session
- 9:45 a.m. - 10:00 a.m. - pre-opening fixing - input of orders for calculation of the theoretical opening price;
- 10:00 a.m. - 5:00 p.m. - continuous trading session - for all securities in all markets;
- 4:55 p.m. - 5:00 p.m. - closing call for:
- securities traded on the cash market that compose any of the
- Exchange's indexes;
- option series of underlying assets that comprise the IBrX-I00 theoretical portfolio; and
- ETFs.
- As of 4:50 p.m. - closing call for BOVESPA index options, with the
closing extended for two minutes as of the last stock closing call.
The closing call for the ETFS will be extended for 2 minutes as of the last stock closing call.
After-Market
5:30 p.m. - 5:45 p.m. - pre-opening phase and order cancellation;
5:45 p.m. - 7:00 p.m. - trading phase.
Blocking/exercise on the equity options market:
a) Days prior to expiration:
- 10:00 a.m. - 4:00 p.m. - exercise of the holder position.
b) Expiration date:
- 10:00 a.m. - 11:30 a.m. - trading of the expiring series to close out the position, that is, sale for the holder position and purchase for blocking for the writer position;
- 11:30 a.m. - 1:00 p.m. - exercise only for the holder position in the expinng series.
Blocking/exercise on the index options market:
a) Days prior to expiration:
- 10:00 a.m. - 1:00 p.m. - exercise of the holder position.
b) Expiration date:
- 10:00 a.m. - 1:00 p.m. - trading of the expiring series to close out the position, that is, sale for the holder position and purchase for blocking for the writer position;
- After 5:00 p.m. - automatic exercise of the expiring series which fit the following situations:
- call option: settlement index higher than the exercise price; and
- put option: settlement index lower than the exercise price.
Trade corrections:
- until 7:00 p.m.
Over-the-Counter Market and BOVESPA Mais
- 9:45 a.m. - 10:00 a.m. - pre-opening;
- 10:00 a.m. - 4:55 p.m. - continuous trading session;
- 4:55 p.m. - 5:00 p.m. - closing call- for all securities.
