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
04Verified 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.
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
01More volume lifts revenue.
Volume may fall after the election.
What would change the view: Volatility persists.
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.