Gestão de risco sob a perspectiva de um trader ao obter dados de originação de soja no Brasil com baixa latência
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Data
2021-03-18
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Serigati, Felippe Cauê
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Uncertainties in the agribusiness world make all the actors involved in the chain want to have a level of protection against possible external factors. Producers, commodity trading companies and consumers use the futures market as a Risk Management Policy, which ensures the return value when the product is delivered. The present study aims to help companies understand the importance of having information close to real time for more effective risk management by answering the following questions: What is the impact of low latency (that is, close to real time) on Risk Management when obtaining data on origination of Soybeans to hedge the commodity in Brazil from the perspective of a Commodity Tradings company? What are your challenges in obtaining the data? For this, an analysis was made of data on the soybeans volume of purchase contracts, versus the future sales contracts of a company in the sector, before and after the implementation of a project that aimed to consolidate such information in real time, in order to comparing them using Pearson’s, Spearman's and Kendall’s correlation calculations and the results obtained makes it clear that there has been a significant improvement from one year to the next, but even with the improvement in the correlation, it does not mean that it is the only causal factor. It was also possible to notice that older management systems are not prepared for the current decision-making standards due to the difficulties encountered in obtaining quality information.