Brazilian Mercantile and Futures Exchange (BM&F)

The Brazilian Mercantile and Futures Exchange (BM&F) is a derivatives market in Sao Paulo, offering a variety of financial products and commodities.

Homepage

Currency: Brazilian Real (BRL)

Trading Calendar
Trading Hours

Contracts

1. Ibovespa Futures: contract size / BP = price * 1 BRL
2. Mini Ibovespa Futures: contract size / BP = price * 0.20 BRL
3. US Dollar Futures: contract size / BP = price * 50 BRL
4. Mini US Dollar Futures: contract size / BP = price * 10 BRL

Please make sure that you familiarize yourself with the expiration dates of the different contracts. The universal month codes to denote contract expiration months be found on the Contract Month Codes page.

Trading Summary

Please make sure that you familiarize yourself with the expiration dates of the different contracts and the universal month codes for them. The month codes to denote contract expiration months are universal, and can be found on the Contract Month Codes page.

The symbology format for the available Brazil contracts is as follows:

XXX\MYY

where:
XXX = contract code, e.g., IND
M = month code, e.g., Z
YY = two-digit year code, e.g., 16

For example, the Ibovespa Futures expiring in December 2016 would be: IND\Z16

Order Types

  • Limit Buy/Sell→ShortSell

Basic Market Rules

  • Lot Size: varies by contract, 1 or 5.
  • Tick Size: varies by contract.
  • Short Sale Rules: short selling is allowed, and no mark or locates are required for shorting.

Auction Mechanisms

Open

 

Orders can be entered at 08:55 - 09:00 (pre-open), when orders can be entered and cancelled normally. Orders will not be matched until regular trading opens at 09:00. Only executable orders may get filled on the auction.

Order Types: Limit order with TIF set to DAY or IOC.

Additional Info

For more information, see the Regulations and manuals page.

See Also

Except where otherwise noted, content on this wiki is licensed under the following license: CC Attribution-Share Alike 4.0 International

CC Attribution-Share Alike 4.0 International