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Global Financial Markets Intelligence

Global Financial Markets Intelligence

Trading Derivatives in Today's Energy Markets

Understanding how derivatives are used by different participants in energy markets

22-23 Apr 2020
London, United Kingdom

Why You Should Attend

Trading Derivatives in Today's Energy Markets

How will you benefit?

In ever more sophisticated financial markets, the ability to manage risk is increasingly important, no more so than in the fast-moving, volatile world of commodities.  Trading in commodities already carries physical risks not encountered in financial markets, and with less liquid and accessible markets, expertise in the use of the derivative markets and instruments is vital to ensure the success of trading businesses.

This course is designed to show how the fundamentals of the different energy commodities influence the evolution of their markets and how those markets are traded.  You will learn to understand why markets vary in liquidity and transparency, why some are global and some local. The course will go on to cover the different trading instruments used in different markets – how they work and how they are priced.

The course will then examine the different players across the supply chain – producers, refiners, traders of different types, consumers – to understand their strategies, the risks they take on and how they use the derivative markets to support their trading and deliver their objectives.  And no trading course is complete without an understanding of how a risk-taking business measures, monitors and manages its risk within an appropriate control framework.

This 2-day course is designed to be highly interactive.  Your course trainer will continually encourage participation in all sessions, and has designed a number of class exercises to demonstrate key market principles and let you “have a go” at your own hedging and trading strategies using the different instruments in the market.

About your expert trainer:

Andy Hartree is a highly-experienced industry professional and market risk management expert.  A Chemical Engineer by training and with a background in oil refining, Andy has the rare hands-on experience of the physical demands and logistics of every step of turning crude oil into end products.  Having moved from refinery to trading room, he has traded oil products both physically and on derivatives, where he ran the risk management for Shell’s Commercial customers in the UK.

Andy took his risk management skills with him to RBS in 1998, and over the following ten years built a wide range of experience assisting corporate clients with all aspects of their commodity risk management, from exposure analysis and risk management strategy design to hedge execution.  Clients covered a full range of industry and exposure types – producers, transportation, industrial companies – and asset types – oil, gas, coal, freight and base metals.  After leaving RBS in 2008 and two years at Fortis Bank, Andy joined Lloyds Bank at the start of 2011.  As at RBS previously, Andy’s challenge was to build their commodity derivatives business, again focusing on the corporate client base.  Building on his previous experience, Andy provided in-depth analysis and strategic insight into the commodity risk management strategies and policies of many major corporates, including major airlines, tour operators, water utilities, ports and upstream oil and gas companies, and extending the reach of the business from FTSE100 to SME.  Uniquely, Andy advised on, designed and executed the hedging for the gold and silver medals for the London 2012 Olympic Games.

All through his career Andy has lectured on training courses and presented at conferences.  Starting with lecturing on Shell’s own internal trading courses, Andy has trained or presented with Platt’s, ICE, and the Association of Corporate Treasurers; at Oil and Gas Conferences in the UK and Norway, as well as internal training at RBS, Fortis and Lloyds Bank. Consistently well received, Andy is known for punctuating his content with anecdotes from his long career.

Pre-course questionnaire:

A detailed questionnaire will be sent to all course participants to establish exactly where the group training needs lie. The completed forms will be analyzed by the course leader/trainer and followed by telephone if further clarification is required. As a result we can guarantee that the course is pitched at exactly the right level and that the issues that you regard as relevant are addressed. The course material will reflect these issues and will enable you to digest the subject matter after the event in your own time.

Who should attend?

From oil and gas companies, electricity generators/distributors, energy and power traders, brokers, financial services providers, investment banks, exchanges and regulators:

· Commodities & Energy Trading

· Derivatives Trading

· Derivatives Pricing

· Derivatives Structuring

· Energy & Commodities

· Commodities & Energy Model Validation

· Structured Products

· Risk Management & Analysis

· Energy Analysis, Research & Development

· Quantitative Analysis and Financial Engineering

· Strategists

· Commodities Sales

· Portfolio Management

· Financial Control

· Compliance and Internal Audit

· Project Management

Key Topics

  • You will gain an understanding of the practicalities of the physical world behind our markets, which is key to understanding why different markets work in different ways
  • You will learn how pricing in the physical markets works and how the derivative markets have evolved with them
  • You will learn how the markets behave and when different markets interact and influence each other
  • You will learn how the roles of the different players in the markets influence their trading strategies, and how they use the various market tools to manage risk and lock in trading profits
  • You will examine how risk limits are set to match reward aspiration against risk appetite

  • Why Choose GFMI marcus evans?

    marcus evans specialises in the research and development of strategic events for senior business executives. From our international network of 63 offices, marcus evans produces over 1000 event days a year on strategic issues in corporate finance, telecommunications, technology, health, transportation, capital markets, human resources and business improvement.

    Above all, marcus evans provides clients with business information and knowledge which enables them to sustain a valuable competitive advantage and makes a positive contribution to their success.

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    Event Contact

    For all enquiries regarding speaking, sponsoring and attending this conference contact:

    Kamelia S. Simeonova

    101 Finsbury Pavement
    London EC2A 1RS

    0044 20 3002 3172
    Email: kamelias@marcusevansuk.com