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:
I had the OJ. That is all.