Opportunity in Brazil Capital Market

smarttrader · December 4th, 2009, 3:41 pm

Hi,I run a financial service firm at India, specializing in trading and structured investment solution. I have interest about brazil, especially sao paulo. What are the various legal, regulatory aspects are there in order to open a simillar shop over there at sao paulo? Will it be worth to do so? How brazilian stock market is organized? Any comments are welcome.

MCarreira · December 4th, 2009, 6:37 pm

Brazilian Bond MarketThis is an old thread, but check Andima (now Anbima) and BM&FBOVESPA to know more about the organized markets.

smarttrader · December 5th, 2009, 12:52 am

many thnx MCarreiraI've run thru the respective website, so have gained a fair bit of idea about the market.How is the opportunity to set up a JV with a small firm over there? Or how difficult and feasible are to open a shop over there, at sau paulo?

MCarreira · December 5th, 2009, 1:02 am

It will depend on what kind of firm you'll choose, and how it will be taxed; it'll also depend on your leverage, as trading on BM&F will require margin.If you open a foreign investment vehicle, OTC derivatives will be taxed on their profit.