Os segredos da tesouraria e as maiores crises do mercado

Luan Aral interviews Roberto Motta to reveal the inconvenient truths of Brazil's largest treasury departments and trading desks. From his chaotic entry into Banco Prosper at age 19, through the chaos of 40% interest rates during the Asian Crisis, the collapse of Banco Marca, and the panic of 9/11 while operating at Unibanco, Motta explains in detail how large corporate players like Petrobras distort the flow of the dollar, why Aracruz and Sadia went bankrupt in 2008 betting on toxic derivatives, and how Brazil became the only country where futures contracts manipulate the spot market. Discover the legendary story of the "Monster of Leblon" and the insane institutional trade of 10,000 contracts on the eve of the Covid-19 crash. 00:00 Introduction and behind-the-scenes look at the analysis desk 01:15 What's on a macro analyst's screen (Bloomberg) 02:15 The beginning of Roberto Mota's career in the financial market 03:45 The first day at the Trading Desk and the passion for trading 06:03 Trading Futures Index and Gold during the Black Dollar era 06:40 The first experience on the Buy-Side (Fixed Income and Interest Rates) 08:15 Working with Alfredo Menezes at Banco BCN and the Central Bank auctions 09:50 The forward paper market and public bond auctions 10:48 The collapse of Banco Marca and the 1999 currency crisis 12:35 How the exchange rate anchor and the URV worked in the Real Plan 13:50 Why did the financial market stop for two hours at lunch? 14:55 The Tequila Effect (1994) and globalization in the market 15:50 Understanding interest rate protection (hedging) in the Bank of Goods 18:47 Why is the interest rate market (DI curve) the "adult in the room"? 21:26 Transition from Buy-Side to Sell-Side at Unibanco Brokerage 22:50 Working as Head of the Futures Desk at Itaú and HSBC 24:40 How Serving Large Institutional Clients (Funds and Multi-Markets) Works 26:38 How to Generate Reciprocity and Value for Large Managers 29:10 Operating During the Subprime Crisis (2008) and the Itaú-Unibanco Merger 31:00 How the Highly Wealthy Protected Their Assets During the 2008 Crisis 32:15 Volcker Rule and the Change in Bank Treasuries 33:28 Demystifying Bank Treasury and the Flow Desk 36:18 The Secret of Petrobras as the Largest Dollar Player in Brazil (2020-2022) 38:15 Behind the Scenes of Treasury: How the Flow of Large Companies Dictates the Price 40:02 Why the Is the Dollar/Real the second most traded parity in the futures market? 41:50 Why does the futures market dictate the spot market in Brazil? 42:40 The privilege of seeing the flow of the real sector 43:40 The seasonality of the dollar in Brazil and the soybean harvest 44:50 The flow schedule: What happens at 10:30 am? 46:10 Stop Hunters: How the order pool attracts the market 47:38 How Brokers identified the movements of large banks 48:58 How the PTAX works in the dollar and how to avoid manipulation 51:08 The PTAX fight and the closing of the semi-annual/annual balance sheet 53:15 The danger of exotic derivatives: Sadia and Aracruz Celulose cases (2008) 56:42 The path of money: How a company closes foreign exchange with banks 58:37 The risk of the banks' balance sheet desk (ALM) 59:50 The biggest operation of my career: Massive sale of the Index on the eve of Covid-19 1:02:25 The transition from classic Tape Reading to HFT algorithms 1:04:08 Is anything goes in trading? Who really lives off the market? 1:05:35 Audience Questions: Trading DI during the Live Outcry Trading Session 1:08:00 Stories from September 11th and how the market reacted in real time 1:09:55 Advice from Roberto Mota for those who want to start trading today 1:11:30 The iconic story of the "Leblon Monster" and the Ponta Sul fund 1:13:50 How to become a Broker or Institutional Trader: Skills and network 1:16:20 Back office and advisory services as entry points into the financial market 1:18:10 Who would Roberto Mota like to see on Papo de Profissional? (Claudio Coppola) 1:19:30 The insane routine of producing content about macroeconomics 👇 Before you leave, take the opportunity to subscribe to the channel, leave a like and activate the bell to follow more interviews and analyses about the financial market! 🔵 START INVESTING NOW, OPEN YOUR FREE ACCOUNT AT GENIAL! ➜ Access: https://genial.vc/abrasuaconta-yt 📲 DOWNLOAD OUR APP! ➜ Access: https://genial.vc/baixe-o-app-genial-yt 💻 STAY TUNED TO OUR BLOG, NEWSLETTER, ANALYSIS AND SOCIAL MEDIA! ➜ Access: https://linktr.ee/youtubegenial 📧 RECEIVE A WEEKLY EMAIL WITH ALL THE NEWS FROM OUR CHANNEL: https://genial.vc/newsletter_youtube