Trading hours | B3

Equities market trading hours

Market1 Order cancellation Pre-opening Trading Closing Call After-Market trading2
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 17:55 17:55 18:00 18:25 18:45
Odd lots market 09:30 09:45 09:45 10:00 10:00 17:55 17:55 18:00 18:25 18:45
Forward market 10:00 18:25
Options market 09:30 09:45 09:45 10:00 10:00 17:55 17:55 18:15 18:25 18:45 - -
BOVESPA Mais – All securities 09:30 09:45 09:45 10:00 10:00 17:55 17:55 18:00 18:25 18:45
Unsponsored BDRs 09:30 09:45 09:45 10:00 10:00 17:55 17:55 18:05 18:25 18:45
Sponsored BDRs 09:30 09:45 09:45 10:00 10:00 17:55 17:55 18:00 18:25 18:45
Investment Funds 09:30 09:45 09:45 10:00 10:00 17:55 17:55 18:00 18:25 18:45
Stock Exchange Traded Fund 09:30 09:45 09:45 10:05 10:05 17:55 17:55 18:15 18:25 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 - - -
Equity index options 09:30 09:45 09:45 10:00 10:00 17:50 17:50 18:15 18:25 18:45 - - - -

1Corrections can be made to trades in all markets and trading phases up until 19:00. 

2Trading in expiring series ends at 16:45 on expiration dates. 

3 Trading hours for large blocks: BBT, RFQ and midpoints are from 10:00 to 17:55.
 

Market 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 17:00 10:00 15:45 18:15   18:15 19:15 19:152
Equity index options  -   -   -   -   -     -   -  18:001

1Automatic exercise after 6:00 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 7:15 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.