Provide by B3, eletronic trading screen its a new tool that will provide transparency to the market and possibility of growth for Securities Lending Market. Some changes will be made about trade system, broker fee and functionality of the contract in order to afford more efficiency to the market.
Motivation / Context:
- Transparency
- Contracting multilateral net settlement T+0 and T+1
- BTB Screen - Hit and Take. (Allows the investors choose your counterparty)
- Maintains the dynamics of the OTC market
- Rejected tunnels
- Automatic renewal: lower operational costs for participants
- Eliminates inefficiencies in charges of broker’s commissions
- Intraday lending rates
- Liquidity concentration – standard contract