Commodity Trading Questions

Any insight appreciated :)

1) What is ICE chat/ how extensively is it used? I know you can message on BB, is this any different?

2) Is all you need to trade commodities (physical and financial) a FINRA Series 3?

3) If you are on Soldman Gachs metals desk, what is the client base? Mainly producers, heavy consumers, speculators?

4) A brief overview of what extra consideration would have to be taken when trading physical (rather than financial)

3 Comments
 
 
Most Helpful
  1. Think AOL instant messenger but used solely by traders and brokers to send out markets, issue orders, etc
  1. Depends on where you are and what you do, who's money you are handling, etc. I trade electricity and natural gas and have zero licenses
  1. Clients can be anyone and everyone, producers, consumers, super wealthy clients that are interested in the space and so on.
  1. Physical involves actual delivery at a specific location so think of all the extra logistics that are involved in doing that. You either have to arrange all that or make sure all your positions are perfectly closed.
 

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