Futures venues eye growth in BRL trading with Asian investors
CME and SGX see ramp-up in out-of-hours demand for lucrative carry trade
Hedge funds and asset managers in Asia are stepping up activity in listed Brazilian real futures to access one of the year’s best performing foreign exchange carry trades in their own operating hours.
“We are experiencing growing demand for BRL liquidity from our Asian clients, for whom we are quoting Brazilian, Mexican, and Andean markets out of Hong Kong ahead of the local market open,” says Vishal Shah, global head of emerging markets linear FX and rates trading at Natixis Corporate and
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