Commodity Trading Q&A
The Global View on Commodity Trading from Brazil
Opalesque Futures Intelligence: How did you get into futures trading?
Gabriel Pellegrini: My first job was at the Brazil futures exchange and I traded in only Brazilian markets for about four years. Then I started to trade in international markets. By 2003 I had learnt about systematic futures trading and looked for a firm that did this, but I could not find one in Brazil at that time. I traded Brazilian futures for myself and in 2008 opened Global Edge Management.
OFI: Why did you move to international markets?
GP: For quantitative trading, you need a lot of liquidity. We don’t have many liquid markets in Brazil. At the time, there was only one agricultural market in Brazil where I could do quantitative trading and that was coffee. But I traded the financials, including FX – the US dollar vs. the Brazilian real – and interest rates. Those are highly liquid. Source