“To discuss the financial markets in a year that has proven to be challenging, I would even say statistically unlikely, given the strong correlation that has been verified in the negative evolution of the two main classes of assets, stocks and bonds, is very challenging,” said Francisco Oliveira Fernandez, CEO of Banco Carigosa, regarding The 11th edition of the Grand Conference: The Future of Financial Markets, an initiative of the Jornal de Negucios and Banco Carigosa, is within the scope of Bolsa da Bolsa.
Bolsa has had more than 1,200 entries, a third of which are college students. “Despite a strong concentration in the two main cities of the country, just under 50%, there are competitors from all provincial capitals and autonomous regions, even crossing national borders, albeit in a residual way,” said Francisco Oliveira Fernandez. This initiative is considered by Banco Carregosa as one of the main social responsibility actions within the focus of promoting financial literacy in Portugal.
Cryptography and derivatives
In an analysis of the investments of competitors, Francisco Oliveira Fernandez stressed that “this year there was a great demand for cryptocurrency derivatives, which is not the first time, it was the first year that this use was noticed more, revealing that, despite this. As a result of all Discussions about cryptocurrencies and recent incidents, there is a growing interest by investors in this class of assets. Therefore, the derivative instruments that you hold as the primary instrument are growing in importance to achieve their main purposes or business strategies, speculation, hedging and arbitrage.
Francisco Oliveira Fernandez considered “intriguingly” exposure to “more than usual to commodity derivatives, namely crude oil and natural gas, which, in the worrying context of the armed conflict in Ukraine, have experienced extreme price volatility”.
For more than 20 years, being connected to Saxo Bank has given Banco Carregosa clients access to the GoBulling electronic trading platform. Within the scope of the Bolsa game, it is made available to the participants in a simulated environment. “This simulated environment gives competitors access to a sophisticated multi-market, multi-product, multi-platform trading tool with access to the bank’s investor support service, a service recently awarded as Best Customer Support in Portugal at the 2022 Rancia Awards,” said Francisco Oliveira Fernandez. .
Mario Carvalho Fernandez, CIO of Banque Carregosa, was the keynote address on the topic “Financial Markets Outlook”. José Crespo de Carvalho, Professor at ISCTE Business School, Felipe Silva, Director of Investments at Banco Carregosa, and Sofia Valle, Vice President at ISCTE Business School, participated in the discussion on “Major Economic and Financial Threats and Opportunities”. By Leonor Mateos Ferreira, Mercados Editor at Jornal Negócios. The second roundtable, Investment Trends, featured Pedro Santos, Private Banker, Partner and CIO of True Magma AG, Joao Queiroz, Head of Trading at Banco Carregosa, and Rui Albalhao, Guest Associate Professor at ISCTE Business School. The conference was concluded by Helder Rosalino, Director of Banco de Portugal.