Due to the daylight saving time, as of October 20, 2008, BOVESPA will change its trading hours as follows:
Regular Trading Session:
- Pre-opening fixing – from 10:45 a.m. to 11:00 a.m. – input of orders for the calculation of the theoretical opening price;
- Continuous trading session – from 11:00 a.m. to 6:00 p.m. - for all listed securities;
- Closing call – from 5:55 p.m. to 6:00 p.m. – for all the shares composing BOVESPA's indexes and for the most liquid options.
After-Market:
- Pre-opening – from 6:30 p.m. to 6:45 p.m.
- Trading session – from 6:45 p.m. to 7:30 p.m.
Options Market:
- Equity Options Exercise
- On pre-expiration dates
- From 11:00 a.m. to 5:00 p.m. – Blocking and Exercise;
- On expiration dates
- From 11:00 a.m. to 12:00 a.m. – Only Blocking;
- From 12:00 a.m. to 2:00 p.m. –Blocking and Exercise.
- Index Options Exercise
- On pre-expiration dates
- From 11:00 a.m. to 2:00 p.m. – Blocking and Exercise;
- On expiration dates
- From 11:00 a.m. to 2:00 p.m. – Only Blocking;
- From 2:00 p.m. to 6:00 p.m. – Blocking and Exercise.
Trading Adjustments:
Until 7:30 p.m.
Organized OTC Market:
- Pre-opening – from 10:45 a.m. to 11:00 a.m.;
- Trading session – from 11:00 a.m. to 6:00 p.m.
