What is the difference between the following two Brazilian futures contracts:

  1. The Ibovespa Futures Contract
  2. The Mini Ibovespa Futures Contract

As far as I can tell, both are priced in Brazilian Real (R$) following the Bovespa Index exactly. I would have guessed the mini contract to be cheaper than the full contract, or at least different in some way.

How are the Ibovespa and Mini Ibovespa futures contracts different?

1 Answer 1


Both of these are futures contracts on the Ibovespa Brasil Sao Paulo Stock Exchange Index; the mini being exactly that, a mini version (or portion) of the regular futures contract. The mini counterpart makes trading the index more affordable to individual investors and hence increase liquidity.

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