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Bloomberg

Houston, London Challenged by Volatile Brazil Power Market on Trader Pay

Wednesday, September 9, 2026


Trafigura and Macquarie are expanding trading operations in Brazil's power market, where price volatility has increased. Traders at both firms based in Houston and London are adjusting compensation structures to account for market conditions. Brazil's electricity market has experienced swings in pricing driven by hydroelectric supply variability and demand shifts.

Original reporting: https://www.bloomberg.com/news/features/2026-09-09/houston-london-challenged-by-volatile-brazil-power-market-on-trader-pay

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