Brazil’s antitrust authority (CADE) approved the combination of BM&FBOVESPA and Cetip, but required commitments to address competition concerns—especially around access to central securities depository (CSD) infrastructure. This regulatory decision cleared a major hurdle for building a single, vertically integrated market infrastructure group in Brazil.
BM&FBOVESPA and Cetip completed their business combination, creating the foundation of what would become B3. The transaction brought together exchange trading with key post-trade and registration services, aiming to streamline trading, clearing, settlement, and custody in Brazil.
Brazil’s securities regulator (CVM) approved changing BM&FBOVESPA’s corporate name to B3 S.A. – Brasil, Bolsa, Balcão. The change helped formalize a new identity for the combined market infrastructure group as it integrated exchange and over-the-counter (OTC) systems.
An Extraordinary Shareholders Meeting approved merging Cetip into B3. This step moved the business combination from an agreement in principle into a legally approved corporate structure, supporting full operational integration over time.
The merger of Cetip into B3 became effective, completing the corporate consolidation under the B3 name. With this, B3 operated as Brazil’s main multi-asset exchange and market infrastructure provider, covering trading and post-trade services across multiple markets.
B3’s updated Novo Mercado listing regulation (a higher corporate-governance segment for listed companies) was approved by the CVM after market consultation and votes by listed companies. The revisions aimed to strengthen investor protections and governance standards, supporting confidence in Brazil’s equity market.
B3 reported a strategic planning process that set three pillars: operational excellence, product and service development, and a more efficient pricing and tariff model. This reflected a shift from merger execution toward optimizing and expanding the combined platform.
B3 acquired Portal de Documentos as part of broadening its services beyond core exchange operations. The deal supported B3’s strategy of expanding into related infrastructure services and digital processes connected to financial-market operations.
B3 announced the acquisition of Neoway, a Brazilian data and analytics company, signaling a push into data-driven products and services. The move aimed to diversify B3’s revenue beyond trading volumes by building a larger data and analytics business line.
B3 disclosed an agreement to acquire Datastock, a technology company focused on processing and integrating vehicle-transaction information. The deal aligned with B3’s vehicle-financing and data strategy, expanding offerings tied to registries and information services.
B3 acquired Neurotech, adding credit, risk, and fraud-related analytics capabilities to its growing data and technology portfolio. The acquisition supported B3’s longer-term strategy to build businesses that are less dependent on daily market trading activity.
B3 completed the Datastock acquisition after the agreement signed in 2022. Closing the deal turned the planned expansion into operational reality, strengthening B3’s position in vehicle-related information processing and registry-linked services.
B3 reported it had concluded the acquisition of Neurotech after required approvals and conditions were met. The update clarified that Neurotech’s results would be consolidated into B3’s financial statements from that point, reflecting the ongoing build-out of its data and analytics segment.
B3 shareholders approved, and then consummated, the corporate mergers of Neoway and Neurotech into B3 (after B3 had already acquired them). This simplified the group structure by bringing assets and operations directly into B3, aiming for administrative and operational efficiencies.
B3 presented Trillia, a brand positioned around applied business intelligence, data, analytics, and AI, described as integrating several data-related assets (including Neoway, Neurotech, and DataStock). The announcement illustrates B3’s post-2017 arc: from merger-driven scale to diversification into data and technology products built on market infrastructure.
B3 — Brasil Bolsa Balcão (2017–present)