ETF

ETF Futures Contract

• The product

  The ETF Futures Contract enables trading the forecast on the future price of a given ETF without the need to buy it and be exposed to its fluctuation. The product is intended to meet the demand of investors seeking opportunities for new trading strategies.

• Specifications

  Underlying	ETF share
  Ticker	AAAAEZXX – (AAAA) ETF code, (E) ETF, (Z) contract month and (XX) contract year Examples: BOVAEQ26: BOVA11 Futures August 2026 BOVVEU26: BOVV11 Futures September 2026
  Contract size	1 ETF share
  Quotation	In points, each point value = BRL 1.00
  Tick size	BRL 0.01
  Round-lot	1 contract
  Last trading day	3rd Friday in the contract month
  Expiration date	3rd Friday in the contract Month. If there is no trading session on this day, expiration will occur on the immediately prior date on which there is a trading session
  Contract months	All months
  Settlement on expiration	Cash Settlement

• Benefits
  • Low capital investment: In order to operate ETF Futures, it is not necessary to have the asset amount, only the collateral;
  • Leverage: An investor can use leverage to be positioned on stocks with a smaller cash outlay;
  • Hedging: An investor can use ETF Futures to hedge a cash market porfolio;
  • Opportunities for new strategies: Day-trade, cash and carry, short-selling, spot/futures market and arbitrage;
  • Enables structured transactions with options.