In brief

B3B3OrganizationOperator of Brazil's exchange and market infrastructure, listed as B3SA3. Revenue tracks traded volumes; tax and regulatory disputes (Carf, Cade) make up its contingent risk.Open in the Market Map ↗ options volume grew 79% in 2026.

An October session hit a record R$ 2.96 billion.

What we know

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  1. Verified fact · material

    Average daily volume of options on stocks, ETFs, BDRs and indexes at B3B3OrganizationOperator of Brazil's exchange and market infrastructure, listed as B3SA3. Revenue tracks traded volumes; tax and regulatory disputes (Carf, Cade) make up its contingent risk.Open in the Market Map ↗ was about R$ 1.4 billion in 2026, up 79% from R$ 781 million in 2025, with data through October 9.

    Strong growth.

    Sources[01][02]
  2. Verified fact · material

    In October 2026, options on stocks, ETFs and BDRs totaled R$ 2.96 billion in a single session, above the previous record of R$ 2.7 billion in February.

    Record.

    Sources[01][02]
  3. Verified fact

    Valor Investe linked the record to the election rally.

    Context.

    Sources[03]
  4. Verified fact

    The data come from B3B3OrganizationOperator of Brazil's exchange and market infrastructure, listed as B3SA3. Revenue tracks traded volumes; tax and regulatory disputes (Carf, Cade) make up its contingent risk.Open in the Market Map ↗ itself, published on its Bora Investir portal.

    Source.

    Sources[01]

Transmission to assets

Market read-through

The options boom reinforces B3B3OrganizationOperator of Brazil's exchange and market infrastructure, listed as B3SA3. Revenue tracks traded volumes; tax and regulatory disputes (Carf, Cade) make up its contingent risk.Open in the Market Map ↗'s revenue diversification beyond the cash market.

Portfolio impact

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B3SA3positive

More volume lifts revenue.

Volume may fall after the election.

What would change the view: Volatility persists.

direct25% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • B3B3OrganizationOperator of Brazil's exchange and market infrastructure, listed as B3SA3. Revenue tracks traded volumes; tax and regulatory disputes (Carf, Cade) make up its contingent risk.Open in the Market Map ↗ October volumes
  • B3B3OrganizationOperator of Brazil's exchange and market infrastructure, listed as B3SA3. Revenue tracks traded volumes; tax and regulatory disputes (Carf, Cade) make up its contingent risk.Open in the Market Map ↗ third-quarter results

Limits of the reporting

What remains uncertain

  • The link to the election cycle is attributed by the sources.

Full sources

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