Risk management
Finding and retaining trading talent in a competitive agricultural job market
After an active year for mergers and acquisitions, competition is fierce among agricultural trading companies looking to attract the best staff
Hedging commodity exposure in international markets
An increasingly diverse set of market participants require agricultural price risk management tools that can not only match current needs but can also adapt to future market developments
The role of technology in commodities trading and risk management
As more agricultural organisations explore ways to develop and enhance their trading and risk management activities, a flexible, robust, centralised technology platform should be a top priority.
Adapting to change in agricultural commodities markets
The continued evolution of commodity markets has necessitated the development of new risk management strategies and created demand for a more diverse pool of trading partners.
Energy trading: the past, present and future
As part of Energy Risk's 20th anniversary, Energy Risk looks at the development of energy trading and risk management, as well as what may lie ahead for the industry in the next 20 years
Pemex ramps up risk management amid energy reform
Mexico's energy reform is leading state-owned oil and gas giant Petróleos Mexicanos to boost its risk management activities and consider new strategies for commodity hedging
Citi buys Credit Suisse commodity trading books
Citi has entered into a transaction to take on most of Credit Suisse's energy and metals positions, following the Swiss bank's exit from commodities and similar deals with Deutsche Bank earlier this year
Energy traders mine Dodd-Frank data for market insight
Public data feeds required by the US Dodd-Frank Act are offering banks and energy trading firms a window into transactions taking place in uncleared over-the-counter commodity derivatives
Vitol will not replace banks in energy hedging, says CEO
Liquidity provision in energy derivatives markets is not Vitol's role, says the trading house's president and chief executive, Ian Taylor, despite the retreat of major investment banks from commodities
Energy Risk Software Survey & Rankings open for voting
Your chance to participate in Energy Risk's annual energy trading and risk management software survey and rankings
Actively managing risk culture in energy firms: part two
Cultural failings have played a critical role in many well-publicised energy risk management failures, but risk culture is challenging to monitor and assess. In the second part of this series, Carlos Blanco, Jean Hinrichs and Robert Mark propose a…
Head of metals trading leaves Credit Suisse
Emea power head leaves Citi; Noble makes two new hires; Morgan Stanley hires BAML's Felgate; Ex-Deutsche MD joins consultancy; CME energy chief departs
Energy evolution set to reshape risk management
During the next 20 years, the energy industry is expected to undergo transformational technological change, shaking up traditional patterns of correlation between different energy markets and creating demand for new types of instruments and more…
BAML to clear US dollars for BNP commodity finance unit
BAML is to undertake US dollar clearing for BNP Paribas's commodity trade finance business, as it faces a one-year US dollar clearing ban imposed as part of a $9 billion settlement on sanctions violations
JP Morgan commodity heads reveal plans for the future
JP Morgan sold its physical commodities business to Switzerland-based Mercuria in October, a major retreat after years of aggressive expansion in energy and metals. But in an exclusive interview, the bank’s new global co-heads of commodities tell…
Low volatility boosts interest in coal derivatives
Rising activity at commodity trading houses and hedge funds is contributing to high trading volumes in coal derivatives, while some producers are also increasing their involvement in the market
Former CME Group energy head Morsches to leave
Gary Morsches, the New York-based former head of energy at CME Group, is to leave in early 2015, following the appointment of Martin Fraenkel as global head of energy
Mercuria deal was driven by economics, says JP Morgan
JP Morgan's global co-heads of commodities, John Anderson and Michael Camacho, say the bank's decision to sell its physical commodities business to Mercuria was not down to regulatory pressure
Robust valuation and hedging of tolling agreements and physical assets
Krzysztof Wolyniec shows how very robust valuation bounds of tolling agreements can be obtained without modelling the dispatch process or the underlying price process. This flexible method, which uses martingale duality, provides a reliable valuation…
US airline wins Dodd-Frank real-time reporting delay
CFTC no-action letter giving Southwest Airlines and its dealers extra time to report hedging trades in long-dated oil may lead to broader relief for other hedgers in illiquid markets
Credit Suisse sheds top metals trader and Emea sales chief
Veteran salesman Kamal Naqvi leaves metals trading and European commodity sales roles following Swiss bank’s decision to wind down commodities business
Vote now in the Energy Risk Commodity Rankings
Voting is open in the 2015 Energy Risk Commodity Rankings, which rank the top dealers and brokers in the global commodity derivatives market
Commodity leveraged ETFs: Tracking errors, volatility decay and trading strategies
Commodity exchange-traded funds (ETFs) and their leveraged counterparts are a significant part of the growing ETF market. Kevin Guo and Tim Leung examine their tracking performance, with a focus on the phenomena of volatility decay and realised effective…
Quant ideas: Liquidity in commodity risk management
Limited liquidity is a problem that arises frequently when managing large assets, such as power plants or storage facilities. Krzysztof Wolyniec shows how standard financial models tend to overstate the cashflows of these facilities and explains how…