Bovespa

[BlueHorseshoe]

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.)

 

[CPTrader]

Does anyone here trade the Bovespa? Through what broker? How's liquidity? How's volatility? THX!

 

[CPTrader]

BUMP bump! anyone with insights on this issue........?!!

 

[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.

http://www.bestbrazil.org/pages/events.asp

http://www.bmf.com.br/indexenglish.asp

 

[CPTrader]

Thanks for this, Surdo! I appreciate it.

 

[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!

 

[CPTrader]

Quote from 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!

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?