Equities market trading hours
| Market3 | Order cancellation | Pre-opening | Trading | Closing Call | After-Market trading4 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Order cancellation | Negociation | Order cancellation | ||||||||||||||
| Start | End | Start | End | Start | End | Start | End | Start | End | Start | End | Start | End | |||
| Cash Market | 09:30 | 09:45 | 09:45 | 10:00 | 10:00 | 16:55 | 16:55 | 17:00 | 17:25 | 17:30 | 17:30 | 18:00 | 18:30 | 18:45 | ||
| Odd lots market | 09:30 | 09:45 | 09:45 | 10:00 | 10:00 | 16:55 | 16:55 | 17:00 | 17:25 | 17:30 | 17:30 | 18:00 | 18:30 | 18:45 | ||
| Forward market | - | - | - | - | 10:00 | 17:25 | - | - | - | - | 17:30 | 18:00 | - | - | ||
| Options market | 09:30 | 09:45 | 09:45 | 10:05 | 10:05 | 16:55 | 16:55 | 17:15 | 17:25 | 17:30 | - | - | 18:30 | 18:45 | ||
| BOVESPA Mais – All securities | 09:30 | 09:45 | 09:45 | 10:00 | 10:00 | 16:55 | 16:55 | 17:00 | 17:25 | 17:30 | 17:30 | 18:00 | 18:30 | 18:45 | ||
| BDRs | 09:30 | 09:45 | 09:45 | 10:00 | 10:00 | 16:55 | 16:55 | 17:00 | 17:25 | 17:30 | 17:30 | 18:00 | 18:30 | 18:45 | ||
| Investment Funds | 09:30 | 09:45 | 09:45 | 10:00 | 10:00 | 16:55 | 16:55 | 17:00 | 17:25 | 17:30 | 17:30 | 18:00 | 18:30 | 18:45 | ||
| Stock Exchange Traded Fund | 09:30 | 09:45 | 09:45 | 10:05 | 10:05 | 16:55 | 16:55 | 17:15 | 17:25 | 17:30 | 17:30 | 18:00 | 18:30 | 18:45 | ||
| Fixed Income ETF | 09:30 | 09:45 | 09:45 | 10:00 | 10:00 | 16:55 | 16:55 | 17:00 | 17:25 | 17:30 | 17:30 | 18:00 | 18:15 | 18:45 | ||
| OTC Market - All securities |
09:30 | 09:45 | 09:45 | 10:00 | 10:00 | 16:55 | 16:55 | 17:00 | 17:25 | 17:30 | 17:30 | 18:00 | 18:30 | 18:45 | ||
| Equity index options | 09:30 | 09:45 | 09:45 | 10:05 | 10:05 | 16:50 | 16:50 | 17:15 | 17:25 | 17:30 | - | - | 18:30 | 18:45 | ||
1Trade corrections will be made in all markets until 19:00. On the expiration date of options on shares, units and quotes, the time of availability of ETFs will be until 20:00. On the expiration date, the trading of the expiring series will end at 16:00.
2All assets on the spot market (standard lot and fractional lot), ETFs, BDRs, Investment Funds, Termo, Bovespa Mais, and Organized Over-the-Counter Market. The options market and other private fixed-income assets remain as an exception to instruments authorized for trading during the after-market period. On the expiration date of options on shares, units and ETF quotas, trading hours will be from 7:00 pm to 7:30 pm; and on the expiration date of the options, the order cancellation phase will take place from 19:45 to 20:00.
3 On the expiration date, trading in the maturing series will end at 16:00.
| Market2 | Options Exercise | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Before expiration | On expiration | ||||||||
| Manual exercise of Holder's Position | Manual exercise of Holder's Position | Positions File [Imbarq] | Contrary Exercise | Automatic Exercise of Holder's Position | |||||
| Start | End | Start | End | Start | Start | End | Start | ||
| Options on equities, units and ETFs | 10:00 | 16:00 | 10:00 | 15:00 | 17:45 | 18:30 | 19:00 | 19:002 | |
| Equity index options | - | - | - | - | - | - | - | 17:001 | |
1Automatic exercise after :00 p.m. the exercise is automatic whenever: (i) the settlement index is higher than the strike price, inthe case of call options; and (ii) the settlement index is lower than the strike price, in the case of put options.
2Automatic exercise after 7:00 pm whenever (i) the underlying's reference price in the cash market is higher than the strike price, in the case of call options; and (ii) the underlyingg's reference price in the cash market is lower than the strike price, in the case of put options. Exercise is automatic only in the absence of contrary exercise.