Trading hours | B3

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.