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Counting Down to ComRisk 2018

London’s calling. Again. Sameer and I are heading over to England for ComRisk 2018 at the end of the month. This is Molecule’s second year to attend and sponsor, and we’re excited to be back!

Commodities People organizes a series of events that are fantastic, educational, and networking opportunities for people working in commodities trading and risk.

You’ll have two opportunities to hear from Sameer at the event:

A panel discussion on the first day: CTRM technology – Adapting to a changing trading environment
Synopsis:

  • System implementation project management: Who is involved
  • Establishing clear objectives: What do you expect from the system? What sort of timelines are you looking at?
  • Critical steps of development, whether in-house or off-shelf products
  • Integration with the existing systems: Challenges
  • Examples of successful implementations: What were the key success factors?

A workshop on the third day: Market risk: Best practices

  • Evaluating Market Risk
    • What ingredients do you need?
    • What does it take to assemble those ingredients?
    • What does your company look like, when those ingredients are assembled?
  • Risk Metrics
    • What do people ask for?
    • What's trendy?
    • What are people actually using, and how?
  • How do people use a VaR?

We’re also always up for grabbing a bite and/or a pint, so let us know if you want to catch up. Email me at sales@molecule.io to set up a time to meet. Look forward to seeing you there!

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3 Things I Learned at ComRisk

I just got back from ComRisk 2017 in London. This is the first time we've taken out a sponsorship at a conference, and so I wasn't sure what to expect. At best, I thought I'd run into a vendor-driven, salesy conference where consultants spoke in generalities about risk.

Turns out, I was wrong. Almost everyone I talked to was genuinely interested in risk for commodities trading. Many attendees were risk managers. Most were pleasantly surprised that a conference existed just for them; the content was not as hand-wavey as they had feared. All seemed pretty stoked about the conference.

In short, I was a geek in a geeky paradise in the middle of London. Here are some things I learned:

  • SPAN is the bane of everyone's existence. There was a dude from the LME talking about how they calculate risk using SPAN (and how it differs from VaR calculations), and some very confused risk managers trying to figure out the particular way in which they hated it so much.

  • Nobody uses a single ETRM/CTRM for all their deals. I figured this would be the case by now, as you'd think most systems provide good functionality across asset classes. I guessed wrong.

  • The EEX is apparently where all the kids are trading these days. Why I didn't know this, I have no idea.

Also, I was particularly delighted by this:

ComRisk Smoothies

I had the OJ. That is all.

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