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BrazilSão PauloCVMBRL

B3 Block Trades in Brazil

Block-trade financing and discreet execution for large lines listed on B3 — Brasil, Bolsa, Balcão (B3) — Brazil principal cash-equity venue.

01 · The Market
Americas

About B3 — Brasil, Bolsa, Balcão.

B3 — Brasil, Bolsa, Balcão is the principal cash-equity venue of Brazil. Founded in 2017 (merger; predecessor BM&FBovespa from 2008; founding exchanges from the 19th century), it operates under the oversight of Comissão de Valores Mobiliários (CVM), and its leading benchmarks are Ibovespa, IBrX 50. Listing standards are set out in the Regulamento do Listamento da B3; Novo Mercado standards.

The principal Latin American equities venue. The Novo Mercado tier imposes one-share-one-vote and full free-float requirements that materially affect the eligibility of controlling-shareholder positions for collateralisation.

02 · Eligibility
For Institutional Positions

What qualifies on B3.

B3 is an established but selective venue; we weigh eligibility against the stock’s liquidity, free float, and how concentrated the holding is.

For any given B3 position, our review looks at: free float and daily traded volume against the size of the transaction; your status (controlling shareholder, director, substantial shareholder) and the disclosure that follows; the issuer’s sector and listing segment; and what the transaction must do (LTV, tenor, currency, recourse, custody).

03 · Disclosure
CVM

Framework cited on B3.

The principal regulatory reference on B3 is CVM Resolution 80. How it applies to any single transaction — reporting levels, step thresholds — turns on the underlying rules and national-law overlays, which we map against your contemplated transaction at the structuring stage alongside the counsel you appoint.

The citations above are public regulatory references, given for orientation only and not as legal advice. Take independent legal advice in the relevant jurisdiction for any specific transaction.

See the full process →

04 · FAQ
B3 · Block Trades

What holders ask about B3.

01How is a block printed on B3?
The block is negotiated off the order book and then reported to B3 — Brasil, Bolsa, Balcão under its rules. The structure preserves discretion until the print.
02Which B3 segments do you handle?
All principal segments B3 — Brasil, Bolsa, Balcão runs: Novo Mercado (highest corporate-governance tier); Level 2; Level 1; Bovespa Mais. The more liquid tiers are simpler to execute.
03Does large-holding disclosure apply?
Depending on the size and the seller’s standing, yes — under CVM Resolution 80. We manage the timing and wording.
05 · Other Venues
Brazil

Other venues.

United States · Canada · Mexico · Chile

Brazil overview →

A particular B3 holding to talk through?

Send a confidential enquiry, and a senior principal will reply within one business day.