Brazilian Derivatives and Securities

Marcos Carreira is an experienced quantitative finance practitioner with more than 20 years' experience working in Brazilian capital markets. He was Derivative Products Officer and later Technical Modeling Officer at BM&FBovespa, where he contributed to risk management, derivatives pricing, exchange fees, microstructure and HFT functions. At Credit Suisse Brazil, he was a Managing Director in charge of the FX and IR Options desk, after being the Risk Manager responsible for Market, Counterparty and Liquidity Risks. He started his career in Finance/Product Control at Banco de Investimentos Garantia. Mr Carreira holds an engineering degree from Instituto Tecnologico de Aeronautica (ITA) and is part of the 2016 class of the Professional Masters in Economics at Insper. Marcos also lectures for the MECAI Professional Masters course in Mathematical Finance at ICMC-USP and is a regular speaker at quantitative finance conferences. Richard Brostowicz is an Executive Director and Head of Brazil Quants at Banco Morgan Stanley, Brazil. He has 8 years of experience as a quant in global markets, having worked previously at Credit Suisse, and 11 years in the Brazilian market. He studied at the University of Sao Paulo (USP) and is a lecturer for a MECAI Professional Masters course in Mathematical Finance at ICMC-USP.

1. Financial archaeology.- 2. We mean business.- 3. Interesting BRL Interest Rates.- 4. BRL Interest Rate Market and Credit Risk.- 5. A man with two clocks ... Foreign Exchange in Brazil.- 6. And the even more interesting USD onshore interest rates.- 7. Too many options?.- 8. The Mountain goes to ... Foreign Exchange Contracts offshore.- 9. Start from where ? Constructing markets for FX Forwards, Futures, Onshore USD Interest Rates and Offshore instruments.- 10. Offshore IR Products based on CDI fixings.- 11. The Dual case - US Libor onshore swaps.- 12. FX trading (Interest Rate and Fixing) Market and Credit Risk.- 13. A skewed perspective of the world: FX Options.- 14. Some cash is better than nothing - what you need to know about cash products.- 15. Index of choice ... Inflation-Linked Products and Curves.- 16. Microstructure of the listed derivatives.- 17. Unlucky end: On the obsolescence of products and books