The Ibovespa B3 is the main performance benchmark for equities traded on B3, reflecting the behavior of a theoretical portfolio composed of the most liquid and representative stocks in the Brazilian capital market.
The Ibovespa Mini Futures Contract was designed to facilitate access to the listed derivatives market managed by B3, particularly for individual investors and small companies, through a reduced notional value and a smaller minimum trading size compared to the standard Ibovespa Futures contract.
Event Contracts on the Ibovespa Mini Futures are derivative instruments listed on B3 that allow investors to take positions on whether or not a specific event related to the performance of one of the main Brazilian derivatives will occur on a predetermined date.
These contracts operate similarly to a binary option, with a clearly defined outcome at expiration:
- if the event occurs, the contract is automatically cash settled at a fixed amount of BRL 100
- •if the event does not occur, the contract expires with no value.
How does it work?
Each Event Contract is associated with an objective question, based on a clear and verifiable condition, for example:
"Will the Settlement Price of the Ibovespa Mini Futures contract (volume-weighted average of trades between 5:00 p.m. and 5:15 p.m.) close above 200,000 points on September 30, 2026?"
The investor decides whether to take a position in favor (“Yes”) or against (“No”) the occurrence of the event. The contract price reflects the probability assigned by the market to that outcome, quoted on a scale from 0 to 100 points.
At expiration, automatic cash settlement occurs, with a fixed payment of BRL 100 per contract, exclusively for contracts whose event is confirmed.
In accordance with CVM regulatory guidelines, event contracts based on the Ibovespa Mini Futures will be restricted to professional investors.
Contracts