Oil & Gas
The power market in Brazil is being expanded by global traders and financial groups
Executives from global commodities traders and financial companies, such as Trafigura, StoneX, and Macquarie are expanding their presence in Brazil's energy trading market. They are betting on the rising volatility of prices and the long-term growth of this sector, even though a wave financial distress is hitting local players. As several Brazilian power traders are facing financial problems, international groups with a large amount of capital can now gain a larger share of one the largest electricity markets in the world. StoneX's local segment head, Marcelo Mello, has announced that the company has opened its first global trading desk for...