B3 Records 40% Surge in Private Securities Transactions Amid Market Growth

In the first half of 2026, Brazil's secondary market for private securities experienced significant growth, as highlighted by a 40% increase in transaction registrations on B3's electronic trading system, Trademate. The total number of registered operations reached 3,254,671, marking a 39% rise compared to the same period in 2025, when 2,339,473 transactions were recorded.

The volume of transactions also grew substantially, climbing from R$ 569 billion in June 2025 to R$ 797 billion in June 2026. This surge covers various financial products including Real Estate Credit Receivables (CRIs), Agribusiness Credit Receivables (CRAs), debentures, and shares of closed funds. Additionally, public federal securities transactions increased by 11%, while Carbon Credit (CBIOs) transactions rose by 28%, growing from 3,976 to 5,071 operations in the same timeframe.

Fernando Bianchini, Superintendent of Fixed Income Products at B3, noted that this growth reflects the maturation of the private securities secondary market in Brazil and demonstrates a pressing need for enhanced infrastructure to support further expansion. In response, B3 plans to launch a market maker program for private securities in August 2026, which aims to improve liquidity by accrediting financial institutions to facilitate trading and assist in pricing debentures.

These developments signal a robust expansion of Brazil's fixed income trading ecosystem, reinforcing the country's growing financial market sophistication and the increasing investor appetite for private debt instruments. The forthcoming market maker initiative is expected to stimulate additional liquidity and market activity, fostering a more dynamic and accessible trading environment for private securities.