November 6, 2024

The Catholic Transcript

Complete News World

B3 data error that inflated foreign exchange volume in 2022 by 42% by Reuters

B3 data error that inflated foreign exchange volume in 2022 by 42% by Reuters

© Reuters

Written by Andre Roman

São Paulo (Reuters) – B3 (SA 🙂 on Friday announced a systematic review of variable income sector data, which has led to a decline in the balance of foreign capital entering the Brazilian stock exchange in 2022 by about 27 billion reais.

Louis Koddick, B3’s director of product and data, explained in an interview with reporters that the company discovered an error related to the wrong insertion of stock loan data. B3 is now in the process of revising the 2020 and 2021 numbers, as the 2022 part has already been completed.

Since October 2020, trading data by investor category (institutional, foreign, individual) released by B3 has included equity loan operations on display (which began showing that month). “This kind of operation should not be accounted for,” Kodic said, because he has no cash flow.

Screen loans account for about 30% of the total equity loan flow on B3, according to the company.

For 2022, the balance of foreign capital inflows into the stock market, which was 91.1 billion riyals until March 30, reached 64.1 billion riyals, down 29.6%.

Kodic said the revision of the rest of the numbers has no date to be completed and has no impact on B3’s financial and accounting statements.

The entry of foreign inflows into the Brazilian capital market is seen as one of the main reasons for the good performance of 2022. Asked if the review changes the reading of the performance of the Brazilian stock market this year, Kodic said that only B3 identified the error and that the reading and assessment of the overall scenario ” Leave it to the analysts.

See also  "Nobody wants to die" - Metro World News Brasil
Risk statement: Fusion Media I would like to remind you that the data on this website is not necessarily current or accurate. All CFDs (stocks, indices and futures) and forex prices are not provided by exchanges but by market makers, and therefore prices may not be accurate and may differ from the current market price, which means that prices are indicative and not appropriate for trading purposes. Therefore Fusion Media assumes no responsibility for any business losses you may incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media shall have no liability for loss or damage as a result of reliance on the information including statements, quotes, charts and buy/sell signals included on this website. Please be fully aware of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment.