Fee schedule valid as of December 10, 2018.

This fee schedule applies only to those who have registered and were approved by B3 as High Frequency Traders (HFT), as described on "HFT Program".

Base contracts for the average
  • S&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation (ISP)
  • Structured Rollover Transaction for the Cash-Settled S&P 500 Futures Contract to the CME Group S&P 500 Quotation (RSP)
  • MicroS&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation (WSP)
  • Structured Rollover Transaction for the MicroS&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation (WS1)
Applicable contracts
  • S&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation (ISP)
  • Structured Rollover Transaction for the Cash-Settled S&P 500 Futures Contract to the CME Group S&P 500 Quotation (RSP)
  • MicroS&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation (WSP)
  • Structured Rollover Transaction for the MicroS&P 500 Futures Contract Cash-Settled to the CME Group S&P 500 Quotation (WS1)

Specific unit cost calculation

form_calculo_unit_cost_dolar.png

Where:

Unit Cost = the cost calculated for the exchange fee or the variable registration fee for one contract;

legenda_P.png = cost calculated for the exchange fee or the variable registration fee, based on the ADV and the tables below, on a regressive way;

Dollar = the offered PTAX foreign exchange rate on the last day of the month prior to that of the transaction.

Exchange fee and registration fee - fixed and variable components

ADV Exchange fee (USD) Registration fee
From To Variable component (USD) Fixed component (BRL)
1 100 0.922 2.151 N/A
101 3,600 0.147 0.343 N/A
251 5,400 0.138 0.322 N/A
1,501 2,500 0.126 0.294 N/A
2,501 5,000 0.114 0.266 N/A
More than 5,000 0.105 0.245 N/A

Structured operations are charged per leg.

Incentive policies

  • Microcontracts: 5% of the unit cost calculated for the exchange fee and the variable registration fee.