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Brazilian assets
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Brazilian assets

  #1 (permalink)
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Brazilian assets

Hello,

I'm using NinjaTrader together with eSignal to scan Brazilian assets (stocks and futures contracts) in real time.

As far as I know its possible to trade Brazilian futures contracts (using NinjaTrader platform) through some American brokers. So, I have two questions:

1) Does anybody know any Brazilian broker that allows trading (stocks or futures contracts) through NinjaTrader?

2) Does anybody know any American broker that allows trading Brazilian stocks? I'm not interested in the ADR's of Brazilian companies, but in the shares itself listed on Bovespa.

Thank you in advance,
RoD


Last edited by RODLM; June 6th, 2010 at 02:21 PM.
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  #2 (permalink)
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  #3 (permalink)
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Berlin, Europe
 
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Risk revisited


When trading Brazilian stocks or futures, I would consider

(1) operational risk
(2) counterparty risk
(3) legal risk
(4) market risk

With respect to (1) I found this:

RIO DE JANEIRO—Brazil's BM&FBovespa exchange has resumed trading in futures markets via the GTS platform, a spokeswoman told Dow Jones Newswires. Trading was restarted at 1405 GMT Monday. A technical problem with the GTS trading platform forced the exchange to shut down the system, the spokeswoman said.
Several brokers reported problems accessing the system and completing trades soon after the market opened. The exchange shut down the GTS platform completely at 1305 GMT to restart the system. Volume was expected to be light during Monday's session because of holidays in the U.S. and the U.K. The shutdown affected trading in all of the futures markets, including interest-rate contracts and spot-market currencies.

I am not sure, how reliable internet connections to Brazilian online brokers are.

(2) and (3) If you send your funds to a Brazilian broker, which regulation is applicable and how are your funds protected? How would you enforce your rights, if the broker executed your trade in a different way then you expected? Are you ready to claim your rights under Brazilian law?

I would definitely not send my funds to a Brazilian broker. I am trading through Interactive Brokers, because they have a European affiliate regulated by the British Financial Services Authority (FSA) and my funds are protected by the British state. But as far as I know, Interactive Brokers does not offer an online access to Brazil.

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  #4 (permalink)
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A word on regulatory risk

Oct. 19, 2009 (Bloomberg) -- Brazil will impose taxes on purchases by foreign investors of real-denominated, fixed-income securities and on purchases of stocks, Finance Minister Guido Mantega said.
The measures are being taken “to avoid an excess speculation in the stock market and in capital markets,” Mantega told reporters in Sao Paulo.

Expect a 2% fee upfront.....

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  #5 (permalink)
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florianopolis ,brazil
 
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Brazilian Markets

Hi RDLM I currently live and work in Brazil for a large bank sales trading Brazilian Futures and cash equities.In regards to your questions and queries I will do my best to help you out.
Brazilian markets have one of the tightest regulation globally and all customers funds are totally segregated.All LOCAL Brazilian brokers are regulated real time by the central bank and also have to pay into the BM&F emergency fund should anything go wrong.If your broker of choice did go under your funds are totally protected and can be moved to another clearer the same day.This is unlike the Lehmans scenario where I believe that some customers are still fighting to get what is left of their funds back.Also being English and having worked on Liffe all those years ago I can assure you that your money is safe if not safer here in Brazil.
In terms of local broker the big independents are Link investmentos (this is the biggest and has just been bought by UBS),there is also XP INVESTMENTOS,BGC Liquedez,ICAP, and flow to name but a few.The market is consolidating here and is opening up to the bigger global FCM's .This is just a brief outline if you need any help or contacts let me know and I will try and help you out.

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  #6 (permalink)
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bennyq74 View Post
Hi RDLM I currently live and work in Brazil for a large bank sales trading Brazilian Futures and cash equities.In regards to your questions and queries I will do my best to help you out.
Brazilian markets have one of the tightest regulation globally and all customers funds are totally segregated.All LOCAL Brazilian brokers are regulated real time by the central bank and also have to pay into the BM&F emergency fund should anything go wrong.If your broker of choice did go under your funds are totally protected and can be moved to another clearer the same day.This is unlike the Lehmans scenario where I believe that some customers are still fighting to get what is left of their funds back.Also being English and having worked on Liffe all those years ago I can assure you that your money is safe if not safer here in Brazil.
In terms of local broker the big independents are Link investmentos (this is the biggest and has just been bought by UBS),there is also XP INVESTMENTOS,BGC Liquedez,ICAP, and flow to name but a few.The market is consolidating here and is opening up to the bigger global FCM's .This is just a brief outline if you need any help or contacts let me know and I will try and help you out.

benny,

are there any brazilian futures contract being traded on any US exchange ? (nymex ? ice? cme?)
if not, how can I trade brazilian futures ?? (what broker, can I use NT?)
I was wondering if I can make as much money in BR futures as in ES/CL/NQ ..
of course I am aware of less liquidity..

anyway
any insights ??

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  #7 (permalink)
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florianopolis ,brazil
 
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Trading Brazil

At the moment there are no Brazilian futures listed at US exchanges except for dollar /real currency futs which I believe do not trade.There were rumors last year that the bovespa index was going to be dual listed in both CME and BM&f but I am not sure where that is at the moment or whether it will get done.
In order to trade here you would need a local broker but at the moment the costs are too expensive to make it worth while.On the plus side the bovespa and dollar real currency futures here are liquid and pretty volatile.I will check with some friends and get more info for you.

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  #8 (permalink)
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hell de janeiro
 
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bennyq74 View Post
At the moment there are no Brazilian futures listed at US exchanges except for dollar /real currency futs which I believe do not trade.There were rumors last year that the bovespa index was going to be dual listed in both CME and BM&f but I am not sure where that is at the moment or whether it will get done.
In order to trade here you would need a local broker but at the moment the costs are too expensive to make it worth while.On the plus side the bovespa and dollar real currency futures here are liquid and pretty volatile.I will check with some friends and get more info for you.

thanks a lot benny )
ironically, im a brazilian citzen, however, i have more info about US market than my own. (i guess its easier to find about US on the web than brazil) , you seem a very experienced guy, do you how brazil futures work in terms of (for example) in US we got ES which goes 12.50 for each tick and 50 for each point. is the system in brazil is similar ?or are there similar things ??

thanks once again

=]

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