Energy Trading And Risk Management

Author : Iris Marie Mack
Publisher : John Wiley & Sons
Page : 252 pages
File Size : 42,6 Mb
Release : 2014-04-07
Category : Business & Economics
ISBN : 9781118339343

Get Book

Energy Trading and Risk Management by Iris Marie Mack Pdf

A comprehensive overview of trading and risk management in the energy markets Energy Trading and Risk Management provides a comprehensive overview of global energy markets from one of the foremost authorities on energy derivatives and quantitative finance. With an approachable writing style, Iris Mack breaks down the three primary applications for energy derivatives markets – Risk Management, Speculation, and Investment Portfolio Diversification – in a way that hedge fund traders, consultants, and energy market participants can apply in their day to day trading activities. Moving from the fundamentals of energy markets through simple and complex derivatives trading, hedging strategies, and industry-specific case studies, Dr. Mack walks readers through energy trading and risk management concepts at an instructive pace, supporting her explanations with real-world examples, illustrations, charts, and precise definitions of important and often-misunderstood terms. From stochastic pricing models for exotic derivatives, to modern portfolio theory (MPT), energy portfolio management (EPM), to case studies dealing specifically with risk management challenges unique to wind and hydro-electric power, the bookguides readers through the complex world of energy trading and risk management to help investors, executives, and energy professionals ensure profitability and optimal risk mitigation in every market climate. Energy Trading and Risk Management is a great resource to help grapple with the very interesting but oftentimes complex issues that arise in energy trading and risk management.

Author : Davis W. Edwards
Publisher : McGraw Hill Professional
Page : 399 pages
File Size : 41,7 Mb
Release : 2009-11-01
Category : Business & Economics
ISBN : 9780071629072

Get Book

Energy Trading and Investing by Davis W. Edwards Pdf

“The essential training manual for anyone who expects to profi tably engage the energy market while avoiding the devils lurking in the details.” Kurt Yeager, former President and CEO of the Electric Power Research Institute and coauthor of Perfect Power Shrinking fossil fuel supplies, volatile prices, deregulation, and environmental conservation have transformed the energy market into a major arena for making money. In response, an unprecedented amount of capital and investment manpower has fl ooded into the energy market. Older utilities are finding that their quiet, safe business has changed dramatically in a short period of time. Now, Energy Trading and Investing provides a big-picture introduction to the industry along with the trading know-how and fi nancial details that every market participant needs for success. This hands-on guidebook covers all types of energy markets—from the big-three markets of electricity, natural gas, and oil to the growing markets for liquefied natural gas, emissions, and alternative energy. It provides useful information on the interdependence of the different energy markets, who the major players are, and how Wall Street trades energy products. Energy Trading and Investing features: An overview of the entire energy market In-depth descriptions of all of the major energy commodities Financially oriented discussions of how chemistry, physics, accounting, and option pricing affect trading Primers on load forecasting, tolling agreements, natural gas storage, and more A practical introduction to risk management Written by a pioneering quant in the energy market, Energy Trading and Investing provides a highly disciplined and organized approach to profi ting from energy investments. This potent combination of detailed, up-to-date information alongside expert know-how thoroughly prepares you to invest and trade with confi dence in the energy market. If you’re a serious trader, you need to understand the energy markets, and Energy Trading and Investing is the only book you need to trade successfully in this growing sector.

Author : Alexander Eydeland,Krzysztof Wolyniec
Publisher : John Wiley & Sons
Page : 506 pages
File Size : 50,7 Mb
Release : 2003-02-03
Category : Business & Economics
ISBN : 9780471455875

Get Book

Energy and Power Risk Management by Alexander Eydeland,Krzysztof Wolyniec Pdf

Praise for Energy and Power Risk Management "Energy and Power Risk Management identifies and addresses the key issues in the development of the turbulent energy industry and the challenges it poses to market players. An insightful and far-reaching book written by two renowned professionals." -Helyette Geman, Professor of Finance University Paris Dauphine and ESSEC "The most up-to-date and comprehensive book on managing energy price risk in the natural gas and power markets. An absolute imperative for energy traders and energy risk management professionals." -Vincent Kaminski, Managing Director Citadel Investment Group LLC "Eydeland and Wolyniec's work does an excellent job of outlining the methods needed to measure and manage risk in the volatile energy market." -Gerald G. Fleming, Vice President, Head of East Power Trading, TXU Energy Trading "This book combines academic rigor with real-world practicality. It is a must-read for anyone in energy risk management or asset valuation." -Ron Erd, Senior Vice President American Electric Power

Author : Mittal Shah
Publisher : Notion Press
Page : 132 pages
File Size : 48,8 Mb
Release : 2022-12-05
Category : Business & Economics
ISBN : 9798888336977

Get Book

The Handbook for ETRM by Mittal Shah Pdf

This is probably the first book written in simple language to understand Energy Trading and Risk Management. The book is an asset, and a must-read for students, product owners, IT consultants and energy trading evangelists. The book begins with an Introduction to Energy Trading and progresses to discuss Energy Trading Markets and products in detail. The energy and commodities trading lifecycle is different from capital markets as this involves the physical movement of the underlying. The crude oil trade life cycle is elaborately explained, including the end-of-day process. The reader gets a detailed understanding of Risk and Risk Management which is vital to energy trading. Electricity, Coal and Gas trading is increasing, and this book will give you a high-level description of all three different forms of energy. Technology is at the centre of everything, including energy trading. The book list Block Chain, Robotics Process Automation, Data, Analytics and Insights, Machine Learning and Artificial Intelligence use cases and concepts. Basic concepts like INCO Terms, and Letters of Credit, among others, will be refreshed for the reader. History is full of exciting stories, and some related to energy trading make for an interesting read. The book ends with some key definitions involved in Energy Trading.

Author : Tom James
Publisher : John Wiley & Sons
Page : 374 pages
File Size : 42,8 Mb
Release : 2012-11-27
Category : Business & Economics
ISBN : 9781118580479

Get Book

Energy Markets by Tom James Pdf

Price Risk Management and Trading. Energy risk management expert, Tom James, does it again. His latest book is a timely addition to the rapidly developing energy trading markets. This book should be on every energy trader, risk manager and corporate planer's desk. it is an easy read as Tom goes into great detail to explain the intricacies of this market and its various unique elements. - Peter C. Fusaro, Chairman, Global Change Associates Inc., Best-selling Author and Energy Expert This sensible and practical guide is essential for those seeking an understanding of commerce in energy derivatives. beyond merely informative, this hand book for the practitioner details the finer points of the use of derivatives as tools for price-risk management. No energy trading desk should be without it. - Ethan L. Cohen, Senior Director, Utility and Energy Technology, UtiliPoint International Inc. Energy markets are much more volatile than other commodity markets, so risk mitigation is more of a concern. Energy prices, for example, can be affected by weather, geopo9litical turmoil, changes in tax and legal systems, OPEC decisions, analysis' reports, transportation issues, and supply and demand - to name just a few factors. Tom James's book is a practical guide to assessing and managing these risks. It is a must-read for senior management as well as risk and financial professionals.- Don Stowers, Editor, Oil & Gas Financial Journal This book is the most comprehensive on price risk management-centric efforts. It provides the reader with a tangible experience of derivatives in today's capital and energy markets. The breadth and scope of the passages are immense, in that both developed and developing countries' energy markets are considered and examples applied. Terrific read! - Rashpal Bhatti, Marketing Manager, Energy Trading Asia, Enron/BHP Billiton Tom James has simplified the intricacies of a very complex market. In this new market of "hot" commodities, he has been able to give a fresh course to those who are new to the energy markets and a solid review for those that are well seasoned. he covers everything within the oil market from A to Z in this book and does it well. Coming from a financial background myself, it's good to finally find a book that can bring a better understanding to the field of energy commodities. - Carl Larry, Vice President Citi Energy Global Commodities

Author : Steven Berley
Publisher : Unknown
Page : 237 pages
File Size : 45,7 Mb
Release : 2016-07-11
Category : Electronic
ISBN : 0988207273

Get Book

Energy Trading and Risk Management by Steven Berley Pdf

Author : Steven Berley
Publisher : Antioch Book Publishing
Page : 194 pages
File Size : 42,9 Mb
Release : 2016-04-09
Category : Electronic
ISBN : 0988207257

Get Book

Energy Trading and Risk Management by Steven Berley Pdf

The first trading, hedging and risk management books for energy and commodity markets truly taking one from the strategy to the software, including the human nature level. Enhancing by developing and communicating trading, hedging and risk management strategies to software that correlate to the corporate objectives of maximizing cash flow and earnings are key. Through stories of human nature impacts, trading stories, market volatility, risk, macro and micro economics, and the trading tools, software, ETRM software, and processes necessary to have a mature, successfully developed trading, risk management and hedging program. Mr. Berley depicts the statistics to stochastics, including other quantitative modeling techniques for physical optimization to asset modeling, to risk and to accounting. Agriculture, Energy, Oil, Power, Natural Gas, NGLs, Chemicals, Oil Products, Gasoline, Heating Oil, Propane, and Ethane products will be used throughout to depict strategies you can use today!

Author : Markus Burger,Bernhard Graeber,Gero Schindlmayr
Publisher : John Wiley & Sons
Page : 316 pages
File Size : 53,8 Mb
Release : 2008-04-30
Category : Business & Economics
ISBN : 047072546X

Get Book

Managing Energy Risk by Markus Burger,Bernhard Graeber,Gero Schindlmayr Pdf

Mathematical techniques for trading and risk management. Managing Energy Risk closes the gap between modern techniques from financial mathematics and the practical implementation for trading and risk management. It takes a multi-commodity approach that covers the mutual influences of the markets for fuels, emission certificates, and power. It includes many practical examples and covers methods from financial mathematics as well as economics and energy-related models.

Author : Davis W. Edwards
Publisher : McGraw Hill Professional
Page : 560 pages
File Size : 45,6 Mb
Release : 2017-01-27
Category : Business & Economics
ISBN : 9781259835391

Get Book

Energy Trading and Investing: Trading, Risk Management, and Structuring Deals in the Energy Market, Second Edition by Davis W. Edwards Pdf

The popular guide to earning stunning profits in the energy markets—updated with critical information on virtually every market, from fossil fuels to renewable energy. Energy Trading & Investing, 2nd Edition, brings readers up to date on everything they need to know about the energy revolutions that are changing the world – how fracking has the U.S. awash in cheap oil and natural gas; how alternative energy technologies like solar and wind are shaking up utilities; and how changes in the electrical grid are being addressed by multi-state organizations. A long-time veteran of the energy markets, Edwards offers practical advice to help energy investors choose profitable energy investments. The book is written in plain English and has been expanded with information to assist small and large investors, candidates for MBAs and finance degrees, and candidates for professional certifications in risk management understand the risks and benefits of the energy industry. Now is the time for you to enter the energy market or expand your position. Let Energy Trading & Investing guide you every step of the way.

Author : T. James
Publisher : Springer
Page : 538 pages
File Size : 52,8 Mb
Release : 2002-12-03
Category : Business & Economics
ISBN : 9781403946041

Get Book

Energy Price Risk by T. James Pdf

Energy Price Risk was inspired by the success of the courses Tom James has been running in global energy and commodities trading and price risk management. It is the practitioner's guide to optimizing company performance using the correct price risk strategies and tools. Based on the author's extensive experience in the commodity derivatives industry, it comprehensively covers the full spectrum of the energy complex, including crude oil, petroleum products, natural gas, LPG/LNG and electricity. Using many worked examples, this book offers practical insights and solutions.

Author : GARP (Global Association of Risk Professionals)
Publisher : John Wiley & Sons
Page : 140 pages
File Size : 49,7 Mb
Release : 2008-11-10
Category : Business & Economics
ISBN : 9780470421901

Get Book

Foundations of Energy Risk Management by GARP (Global Association of Risk Professionals) Pdf

GARP's Fundamentals of Energy Risk Management introduces investors to the basic components and some of the basic terminology used in the energy industry. It covers the commodity cycle, energy use and sources, and various risk types, various energy products and the markets where energy is traded. It also introduces certain risk management fundamentals and real option thinking. The book is GARP's required text used by risk professionals looking to obtain their Certificate in Energy Risk Management.

Author : Felix Müsgens,Alexander Bade
Publisher : Springer
Page : 0 pages
File Size : 51,8 Mb
Release : 2024-06-11
Category : Business & Economics
ISBN : 3031572378

Get Book

Energy Trading and Risk Management by Felix Müsgens,Alexander Bade Pdf

This book offers important insights into the intricacies of energy trading and risk management to students and professionals in the liberalized electricity and natural gas markets. In its opening chapter, the book delves into fundamental concepts, including price formation on wholesale markets. The various market places and trading products are presented, and the distinguishing characteristics of electricity and natural gas compared to other commodities are emphasised. Moving forward, the next chapter concentrates on portfolio management, offering insights into the trading process through the perspectives of various agents. It begins with proprietary traders and progresses to encompass the portfolio management activities of integrated companies responsible for both generation assets and a retail client base. The book then looks at risk management, explaining the diverse risks that impact the value of energy portfolios inthe market. It places emphasis on credit risk, price risk, quantity risk, and product liquidity risk as the most influential factors and presents effective practices for their management. Furthermore, readers will gain a comprehensive understanding of how to manage quantity risk and its interconnectedness with price risk. Additionally, the book addresses the measurement of product liquidity and its disparities across different energy market products. In summary, this book is an accessible introduction and a concise reference for students and professionals across all fields of energy.

Author : Professional Risk Managers' International Association (PRMIA)
Publisher : McGraw Hill Professional
Page : 400 pages
File Size : 48,6 Mb
Release : 2007-12-21
Category : Business & Economics
ISBN : 9780071631655

Get Book

The Professional Risk Managers' Guide to the Energy Market by Professional Risk Managers' International Association (PRMIA) Pdf

An essential resource for all financial professionals affected by energy prices, The Professional Risk Managers’ Guide to the Energy Market presents a complete account of the evolution, tools, scope, and breadth of the energy and environmental financial markets. Sponsored by the PRMIA Institute and edited by renowned analyst Peter Fusaro, the book includes contributions from 20 world experts who discuss every aspect of energy trading and the risks associated with specific investment vehicles and energy sectors. Organized in three parts, The Professional Risk Managers’ Guide to the Energy Market begins with a comprehensive overview of the energy market, goes on to provide an in-depth review of energy risk management tools, and finally delivers detailed coverage of risk management software, energy hedging in Asian markets, trading electricity options, and weather risk management strategies. Designed to improve investment insights and skills, The Professional Risk Managers’ Guide to the Energy Market features timely chapters on: Energy Futures Today The Over-the-Counter Energy Derivatives Market Energy Derivatives Structures The Nordic Electricity Markets Market Risk Measurement and Management for Energy Firms Best Practices in Credit Risk Management for Energy and Commodity Derivatives Natural Gas Trading Risk Management in Energy-Focused Commodity Futures Investing The ISDA Master Agreement Ten Years On, ISDA 2002 Authoritative and comprehensive, The Professional Risk Managers’ Guide to the Energy Market equips risk managers, institutional investors, and financial analysts with all the information, tools, and strategies required to understand and succeed in the fast-changing global energy marketplace.

Author : Glen Swindle
Publisher : Cambridge University Press
Page : 499 pages
File Size : 50,8 Mb
Release : 2014-02-17
Category : Business & Economics
ISBN : 9781107036840

Get Book

Valuation and Risk Management in Energy Markets by Glen Swindle Pdf

This book surveys the mechanics of energy markets and the valuation of structures commonly arising in practice. The presentation balances quantitative issues and practicalities facing portfolio managers, with substantial attention paid to the ways in which common methods fail in practice and to alternative methods when they exist. The book will provide readers with the analytical foundation required to function in modern energy trading and risk management groups.

Author : Tadahiro Nakajima,Shigeyuki Hamori
Publisher : Springer Nature
Page : 145 pages
File Size : 53,8 Mb
Release : 2022-11-03
Category : Business & Economics
ISBN : 9789811956034

Get Book

Energy Trading and Risk Management by Tadahiro Nakajima,Shigeyuki Hamori Pdf

This book introduces empirical methods for analyzing energy markets. Even beginners in econometrics and mathematical finance must be able to learn how to utilize these methodologies and how to interpret the analysis results. This book provides some example analyses of the North American, European, and Asian energy markets. The reader will experience some theories and practices of energy trading and risk management. This book reveals the characteristics of energy markets using quantitative analyses. Examples include unit root, cointegration, long-term equilibrium, stochastic arbitrage simulation, multivariate generalized autoregressive conditional heteroscedasticity (GARCH) models, exponential GARCH (EGARCH) models, optimal hedge ratio, copula, value-at-risk (VaR), expected shortfall, vector autoregressive (VAR) models, vector moving average (VMA) models, connectedness, and frequency decomposition. This book is suitable for people interested in the empirical study of energy markets and energy trade.