Market maker

Futures

   

 Market Marker activity parameters – Futures

• Commodities

  Circular letters	Documents	Start of activity	End of agreement
  CL 045-2025 PRE	Program Rules Expression of Interest Instrument of Accreditation	Mar. 09, 2023	Mar. 31, 2026

• Index Futures Contracts (ISP, WSP, BRI, XFI, DAX, ESX and HSI)

  Circular letters	Documents	Start of activity	End of agreement
  CL 015-2024-VPC	Index Futures Contract Market Maker Program rules Instrument of Accreditation	Dec. 17, 2024	Dec. 12, 2025

• Small Cap Future

  Circular letters	Documents	Start of activity	End of agreement
  CL 072-2025-PRE	Small Cap Index Futures Contract Market Maker Program Rules Instrument of Accreditation	Aug. 5, 2024	Dec. 12,2025

• Micro Ibovespa B3 BR+ Future [MBR]

  Circular letters	Documents	Start of activity	End of agreement
  CL 023-2025-VPC	Micro Ibovespa B3 BR+ Futures Contract Market Maker Program Rules Instrument of Accreditation	Jun. 30, 2025	Dec. 12,2025

• Single Stock and Unit Futures

• Circular letters	Documents	Start of   activity	End of agreement
  CL 012/2025-VPC	Single Stock and Unit Futures Maket Maker Program Rules  Instrument of Accreditation	Jun. 02, 2025	May. 29, 2026

   

• Ten-Year U.S. Treasury Note Futures Contract (T10)

• Circular letters	Documents	Start of   activity	End of agreement
  203/2023 - PRE	T10 Market Maker Program Rules	Dec. 12, 2022	Dec. 13, 2024
  148/2024-PRE	T10 Market Maker Program Rules	Dec. 16, 2024	May. 30, 2025
  062/2025-PRE	Term of Accreditation	Jun. 02, /2025	May. 29, 2026
  	T10 Market Maker Program Rules

• Inflation Linked Products

  Circular letters	Documents	Start of   activity	End of agreement
  008/2025 - VPC	Activity Parameters for Market Makers in Inflation Linked Products	May, 06, 2025	February, 20, 2026

• Currency Futures (USD Pairs)

  Circular letters	Documents	Start of   activity	End of agreement
  CL 170/2024 - PRE	Activity Parameters for Market Makers in Currency Futures (Pairs in USD)   Term of accreditation Asset Table	Jan 02, 2025	Dec 30, 2025

• Cryptocurrency Futures

  Documents	Circular letters	Start of activity	End of agreement
  Rules for the activity of market makers in Bitcoin Futures	CL 043/2024-PRE  CL 006/2025-VPC	Apr 17, 2024	Jun 13, 2025
  Rules for the activity of market makers in Cryptocurrency Futures	CL 071/2025-PRE	Jun 16, 2025	Jun 16, 2026

• Offshore Interest Rates Futures (F-TIIE, SOFR e ESTR)

• Circular letters	Documents	Start of activity	End of agreemen
  CL 076-2025 PRE	F-TIIE, SOFR and ESTR Futures Market Maker Program Rules  Term of Accreditation	Jun 30, 2025	May 29, 2026

• Structured Transactions (EDSs) on DI1 (DIF e DII)

• Circular Letter	Documents	Start of activity	End of agreement
  CL 072-2024-PRE	Rules for activity by Market Makers in Structured Transactions on DI1 (DIF and DII)      Instrument of Accreditation	30/May/2024	29/May/2025
  CL 006-2023-VPC	Rules for activity by Market Makers in Structured Transactions on DI1 (DIF and DII)	30/May/2023	29/May/2024
  CL 085-2023-PRE	Increase to the Maximum Number of Market Makers in the Program for Structured Transactions in DI Futures	30/May/2023	29/May/2024

• Trade at Settlement on DI1 (DIT)

  Circular Letter	Documents	Start of activity	End of agreement
  CL 146-2022-PRE	Rules for activity by Market Makers in Trade at Settlement on DI1 (DIT)	28/Nov/2022	27/Nov/2023
  CL 168-2023-PRE	R ules of activity by Market Makers in Trade at Settlement on DI1 (DIT)	28/Nov/2023	29/Nov/2024
  CL 147-2024 PRE	R ules of activity by Market Maker Program for Trade at Settlement of DI Future (DIT)   Term of Accreditation (DIT)	02/Dec/2024	28/Nov/2025