Public Consultation on Change to Rule for Registration of Cross Orders in Exchange Environment
In accordance with Circular Letters and External Communicatiomns avaiable bellow, B3 hereby presents for public consultation about a change to the rule for the registration of cross orders in the exchange markets, seeking to unify BM&F and Bovespa segment rules in the PUMA Trading System:
The present public consultation contains:
- Change to the rule for the registration of cross orders in the exchange markets, seeking to unify BM&F and Bovespa segment rules in the PUMA Trading System; and
- Regulate a new order type called retail liquidity provider (RLP)
The report on public consultation contains:
- Main arguments for introducing the RLP order and suggestions for enhancing the rule;
- Comments and suggestions related to the new rule for cross order registration; and
- B3’s conclusions and next steps.
