Discussion in 'Financial Futures' started by BlueHorseshoe, Dec 21, 2004.

  1. Just curious - any way to trade Brazil index futures on a US exchange??

    Alternatively, anyone trade the index or other contracts directly on the Brazilian Mercantile & Futures Exchange? Is the exchange floor based or electronic. (I'm a bit surprised there doesn't seem to be more interest in a market that has been so volatile in the past, and is so close to home.)
  2. Does anyone here trade the Bovespa? Through what broker? How's liquidity? How's volatility? THX!
  3. BUMP bump! anyone with insights on this issue........?!!
  4. Surdo


    The Bovespa has very strict residency requirements.
    You need to set up an account through a member firm to trade stocks on The Bovespa, as well as BM & F.

    The easiest Brazilian instrument to trade from a US based account is EWZ which trades well over 2MM a day.

    This looks like it may be informative, NYC and SF events.
  5. Thanks for this, Surdo! I appreciate it.
  6. Surdo


    I have done a decent amount of research on this, DO NOT put money in this market without RESIDENCY, or a blood relatives name.

    They are quite sophisticated down there, if you get my drift!
  7. Yep, I've done business in Brazil and have Brazilian friends, so I'm familiar with the terrain. I wouldn't trade this unless I had a major FCM as an intermediary/guarantor and had the need for great diversification. But the volatility in the Bovespa is attractive.

    Now I know some CTAs/hedge funds trade the Bovespa, I would be curious as to their experiences and if they use their FCMs as the intermediary. Anyone with insights on this?