Virtual Barrels
Quantitative Trading in the Oil Market
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Beschreibung
The global oil market is no longer solely influenced by the supply and demand of physical oil barrels. In today's landscape, financial barrels traded by hedge funds using quantitative algorithms and dealers managing large portfolios of oil derivatives are equally crucial in determining the price of oil. This book offers a fascinating insight into the world of oil derivatives, exploring the quantitative models and trading strategies used by professional market participants. With a focus on oil options and volatility trading, the reader is taken on a journey through the story of this market, narrated by one of its pioneers who managed a highly successful trading business for almost a quarter of a century. Bridging the fields of energy economics and mathematical finance, this book demonstrates how the science of trading can unearth unique opportunities in the oil market. Written for aspiring quantitative traders and academic researchers alike, it offers a rare glimpse into the opaque and secretive world of oil derivatives, showcasing how it operates in practice.
Praise for Virtual Barrels:
"Sure to become a classic reference text" — Owain Johnson, Global Head of Research and Product Development, CME Group
"A must read for anyone interested in a deep understanding of the behaviour of oil prices and volatility" — Dr Bassam Fattouh, Director, Oxford Institute for Energy Studies
"Perfect for both seasoned professionals and students alike" — Professor Petter N. Kolm, Courant Institute of Mathematical Sciences, New York University, Quant of the Year 2021
The global oil market is no longer solely influenced by the supply and demand of physical oil barrels. In today's landscape, financial barrels traded by hedge funds using quantitative algorithms and dealers managing large portfolios of oil derivatives are equally crucial in determining the price of oil. This book offers a fascinating insight into the world of oil derivatives, exploring the quantitative models and trading strategies used by professional market participants. With a focus on oil options and volatility trading, the reader is taken on a journey through the story of this market, narrated by one of its pioneers who managed a highly successful trading business for almost a quarter of a century. Bridging the fields of energy economics and mathematical finance, this book demonstrates how the science of trading can unearth unique opportunities in the oil market. Written for aspiring quantitative traders and academic researchers alike, it offers a rare glimpse into the opaque and secretive world of oil derivatives, showcasing how it operates in practice.
Describes the evolution of quantitative trading in the oil market Explains trading models used by hedge funds and professional commodity traders Introduces novel approaches to pricing of oil options and to the theory of storage
Autor*in
Ilia Bouchouev
Themen in »Virtual Barrels«
Derivatives Oil markets Energy Economics Mathematical finance Commodities Quantitative oil trading Option pricing Volatility modeling Inflation hedging Risk premium Theory of storage Inverse problems Futures trading Quantitative Finance
Stimmen zu »Virtual Barrels«
“Ilia Bouchouev is one of the most highly regarded commentators in the energy derivatives sector. Ilia combines tremendous hands-on trading experience with impressive academic credentials, and Virtual Barrels is sure to become a classic reference text.” (Owain Johnson, Global Head of Research and Product Development, CME Group)
“As financial markets and financial flows continue to shape oil markets, this book offers unique insights into the financial strategies of various market players and how these interact with physical markets. A must read for anyone interested in a deep understanding of the behaviour of oil prices and volatility.” (Dr Bassam Fattouh, Director, Oxford Institute for Energy Studies)
“Virtual Barrels is an insightful and comprehensive book on quantitative trading in the oil market. With its accessible writing style and self-contained approach, this book is perfect for both seasoned professionals and students alike, offering valuable insights and knowledge that will undoubtedly elevate your understanding of this fascinating field.” (Professor Petter N. Kolm, Courant Institute of Mathematical Sciences, New York University, Quant of the Year 2021)
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