Four major market makers account for up to 60% of derivatives trading volume on B3

A5X, the new Brazilian derivatives and futures exchange, has announced the addition of five international partners: IMC Trading, Jump Trading Group, Optiver, XTX Markets, and ABN Amro Clearing. With the exception of ABN Amro, the other four firms are major market makers in the derivatives segment.

Market estimates suggest that these companies collectively account for between 50% and 60% of derivatives, options, and futures trading volume on B3, Brazil’s primary stock and derivatives exchange. Their partnership with A5X raises expectations that these firms may shift a significant portion of their activity to the new exchange, potentially delivering a significant blow to B3’s trading volumes.

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