B3 Exchange
The B3 Brazil Stock Exchange, which stands for Brasil, Bolsa, Balcão (B3), was formerly known as the BM&FBOVESPA. It is the largest stock exchange in Latin America and the second largest derivatives market, only behind the National Stock Exchange of India (NSE).
The B3 Stock Exchange location is headquartered in São Paulo, Brazil, and has offices in Rio de Janeiro, Alphaville, London, Shanghai, and Chicago.
The B3 Exchange was formed in 2017 through the merger of the São Paulo Stock Exchange (Bovespa) and the Brazilian Mercantile and Futures Exchange (BM&F). It offers a wide range of B3 Exchange products and services, including equities, commodities, futures, and options. It is also home to the Ibovespa index, the benchmark stock index for the Brazilian mark
The Brazil Stock Exchange B3 plays a vital role in the Brazilian economy, providing a platform for companies to raise capital and for investors to trade securities. It also helps to promote financial literacy and inclusion in Brazil.
Orient Futures Singapore is the First Brokerage Firm in Asia That Offers Access to B3 Exchange
The B3 Exchange ranked among the world's top five exchanges in total volume of derivatives contracts traded, according to the Futures Industry Association (FIA). It outperformed leading exchanges such as Nasdaq, CME Group (Chicago Mercantile Exchange), and Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE).
As the second largest derivatives market in the world, the B3 Exchange offers investors vast opportunities. In line with our mission to provide the best trading experience for our clients, Orient Futures Singapore became the first brokerage in Asia to gain access to the B3 Exchange in August 2023. This allows traders to now access IFIX Futures and other B3 Exchange products through Orient Futures International Singapore. Find out more here.
Brazil Index 50 Futures
The Brazil Index 50 (IBrX 50) aims to be the average performance index of the prices of 50 assets of the negotiability and representativeness of the stock market. It consists of the shares and the units exclusively of companies listed on B3 and are not included in this index BDRs and companies active in judicial recovery, special arrangements for temporary administration, intervention or assets that are traded in any other situation special listing.
Click to view the full list of Companies that constitute in the Brazil Index 50.
The IBrX 50 Index composes of stocks selected by liquidity criteria and weighted by the market value of the free float, reflecting the variations of assets over its lifetime. The index was constructed to be used as a performance benchmark for the market, investors, and portfolio managers.
The IBrX 50 Futures enable the market to negotiate the future expectations of the stock market without the need for the purchase of the entire basket of shares that make up the index and be exposed to the indicator variation.
B3 IBrX 50 Futures Contract Specifications
The B3 Coin Exchange IBrX 50 Futures Contract has the following specifications:
The Futures Contract has a tick size of 1 Index Point per contract.
Contract months are all year round.
The last trading day of the contract month is the first business day of the contract month.
B3 Exchange Trading Hours are every exchange business day, at these trading hours:
9:00am – 6:00pm (Brasilia Standard Time)
B3 Exchange IBrX 50 Futures symbol: BRI
IBrX 50 Futures Market Outlook
According to Bloomberg, analysts are bullish on the IBrX 50 in 2024 for several reasons, including the strong economic outlook, low interest rates, and attractive valuations of Brazilian stocks.
The Brazilian economy is expected to grow by 2.5% in 2023, according to the Brazilian Central Bank. This would be the fastest rate of growth since 2010. The Brazilian economy is benefiting from several factors, including rising commodity prices, strong consumer spending, and low interest rates.
The Brazilian central bank has cut interest rates sharply in recent years, in an effort to stimulate the economy. The benchmark interest rate is now at 5.25%, the lowest level in over a decade. Low interest rates make it cheaper for businesses to invest and consumers to borrow money, which is supportive of economic growth.
Brazilian stocks are relatively inexpensive compared to stocks in other developed and emerging markets. This is making them attractive to investors who are looking for value.
In addition to these factors, analysts are also bullish on the IBrX 50 because of the strong performance of individual companies in the index. For example, healthcare provider Hapvida Participações e Investimentos (HAPV3), retailer Magazine Luiza SA (MGLU3), and oil giant Petroleo Brasileiro SA PN (PETR4) are all among the top performers on the IBrX 50 so far this year.
Overall, analysts are bullish on the IBrX 50 in 2024 due to the strong economic outlook, low interest rates, attractive valuations of Brazilian stocks, and strong performance of individual companies in the index.
IBrX 50 Price
Figure 1. IBRX 50 Index Price from May to Nov 2023 from Trading View
According to Trading View, IBRX 50 Index is priced at 21424.58 BRL as of 2nd February 2024.
Start Trading With Orient Futures Singapore
Being an Overseas Intermediary of Shanghai International Energy Exchange (INE), Dalian Commodity Exchange (DCE), and Zhengzhou Commodity Exchange (ZCE), when foreign clients participate in internationalised futures contracts in these Chinese markets with us, they have direct access to trading, clearing, and settlement. Our parent company, Shanghai Orient Futures, is the largest broker in terms of aggregated volume across the five regulated exchanges in China.
Orient Futures Singapore also currently holds memberships at the Singapore Exchange (SGX), Asia Pacific Exchange (APEX), and ICE Futures Singapore (ICE SG). Starting August 2023, corporate clients can also gain access to the B3 Exchange through us.
We provide bespoke services to our professional clients, tailored to their corporate and individual needs. Our team will be there for you 24 hours on trading days to provide a one-stop portal for all your trades, with simple processes and an intuitive user interface that has low or near-to-zero latency.
