Cross Commodity Trading
20-21 October 2009, Amsterdam

 

Day 1: Tuesday 20th

9.00-9.30: Registration and coffee

9.30-9.40: The chairman, Dr. Jan van Drathen, opens the conference

9.40-10.20:  The correlation between shark attacks and ice cream sales or why cause, effect and correlations in commodities should be handled carefully

  • The UK example with focus on Gas - How the gas market provides a link between Oil, Gas, Power, Coal
  • The impact of oil prices on the gas market and how oil volatility impacts gas market from several directions 
  • How to manage oil price exposure in gas prices
  • The interaction between gas, power and coal

Robert Minsaas, Managing Director, Eclipse Gas and Power

10.20-10.30: Question and answering session

10.30-11.10: Carbon trading - a utility perspective

  • Issues that make Carbon a 'somewhat different commodity'
  • Coupling and decoupling of carbon and the energy complex
  • The correlation between carbon and oil
  • The influence of portfolio hedging on carbon trading
  • Risk management of carbon exposure

Janne Niklas Breyer, Emissions Analyst, Vattenfall Trading Services GmbH

11.10-11.20: Question and answering session

11.20-11.50: Networking

11.50- 12.30: European power markets - Influence of oil, gas and coal on power prices

  • Oil, gas and coal as price drivers
  • Correlation between oil, gas, coal and power
  • How to manage commodity exposure in power prices

Maik-Daniel Müller, Commodity-Advisor, Bayerische Landesbank

12.30-12.40: Question and answering session

12.40-13.40: Lunch

13.40-14.20:

  • Structuring deals across commodities
  • How to get from an analysis idea to the tradable products reflecting correctly the cross commodity position identified
  • Set up of trading team(s) and structure of portfolio(s) to handle cross commodity positions

Michael Platen, Head of Gas & Oil Desk, EnBW Trading GmbH

14.20-14.30: Question and answering session

14.30-15.00: Networking

15.00-15.40: Structuring Deals across Commodities

  • Market appetite for structures
  • Hedging or Speculation
  • Structuring across Commodities or structuring one Commodity

Jan von Drathen, E.ON Energy Trading SE, Head of Gas Dispatch

15.40-15.50: Question and answering session

15.50-16.30: Questions and Discussions

19.00: Networking dinner

 

 



Day 2: Wednesday 21st 

9.00-9.10: The chairman, Mr. Holger Galuschke, opens the second day of the conference

9.10-9.50: Trading Cross Commodities Spreads by using Technical and Quantitative Techniques - PART 1

  • Dark/Spark Spreads / Oil Spreads / Carbon Spreads
  • Analysis of the individual Energy Products with Technical Tools
  • Spread Analysis using Technical and Quantitative Tools, i.e.
  • Correlation, Beta Factor Analysis
  • Putting it all together into Trading Systems

Holger Galuschke, Technical Market Analyst Energy, E.ON Energy Trading SE

09.50-10.20: Networking

10.20-11.00: Trading Cross Commodities Spreads by using Technical and Quantitative Techniques - PART 2

  • Dark/Spark Spreads / Oil Spreads / Carbon Spreads
  • Analysis of the individual Energy Products with Technical Tools
  • Spread Analysis using Technical and Quantitative Tools, i.e. Correlation, Beta Factor Analysis
  • Putting it all together into Trading Systems

Holger Galuschke, Technical Market Analyst Energy, E.ON Energy Trading SE

11.00-11.10: Question and answering session

11.10-11.50: Correlation and cross-trading: making money with strong and long-lasting relations

  • Oil and Euro-dollar: will you trade one using the other?
  • Oil, gas, coal and CO2 are enough to hedge your position?
  • Continental Power Markets
  • Eastern Europe Power Markets

Elisa Scarpa, Market Analysis and Forecasting Manager, Edison Trading S.P.A.

11.50-12.00: Question and answering session

12.00-13.00: Lunch

13.00-13.40: Spark spreads, power plant valuation and asset backed trading

  • Spark spread definitions and typical price behaviour
  • Power plant valuation: Different approaches and value drivers
  • Asset backed trading as a means to realize power plant value

Cyriel de Jong, Director, Kyos Energy Consulting


13.40-13.50: Question and answering session

13.40-14.00: Networking

14.00-14.40: The rise and the fall of carbon correlations

  • The fundamental correlations
  • The "activity driven" correlations
  • The "sentiment" correlations

Anne Kat Brevik, Point Carbon

14.40-15.30: Final discussions and closing of the conference 

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