Transactional & Referential Data One thing is certain: your data is not in the state you want it, nor is your reporting. That is the number one reason you want to integrate into one system. You are tired of the disparate set of data going, coming and not connecting. The integrity of your reporting has…
There are also other examples of how to hedge a chemical plant or power plant, as well. In the early 2000’s I started a trading strategy of playing ethane to natural gas spreads as far out I could build the portfolio. I always wanted a long-dated economic trading book, and this fit perfectly. So…
Big Data “It’s not if, but when,” is a line I picked up – from Warren Buffet – from an annual report twenty years ago. There are many who are frustrated that more data, at more granular levels, with 21st century valuation techniques are not available today. It is an old story from Enron days…
These two stories may make one wonder who runs trading – A good thing or ? My Hedging Story When I traded, I was especially concerned about my authority limits, and whether the board we reported to understood our business. I started attending the board meetings with the division president to do nothing more than…
Hedging Tactics A well-developed hedging program requires tactics. Many organizations that do hedge, while at the same time complaining that management doesn’t see the value they are adding, could rather spend that time focusing on the fact the world is full of color, not just plain vanilla. The world is changing rapidly, and many companies…
