Does anybody here work in this industry?
It seems to be incredibly niche at this point. I'm a fresh grad with zero trading experience, heard about an opportunity to work in this field two days ago and now have a first round interview Thursday.
This firm trades a lot of shit, from energy credits to biofuels I've never heard of. I would be ecstatic if anyone has any insight, as I'm cramming my ass off right now. Thanks!
Cali's cap and trade program. If your firm trades RINs I would spend my entire time on that, as RINs are going crazy right now and there have been lots of news about the RIN market in the media recently
@nattyphizz I've looked at their products and I didn't see RINs but given that they're in San Francisco, I imagine they're trading RINs. Sounds like you're in the space, so I'll divulge that the name of the firm is ACT (Amsterdam Capital Trading). After reading about this job/culture, I would kill for this opportunity.
I'm googling RINs right now. Not looking for handouts at all, but seriously, any links or material you know of that could get me up to speed quicker?
Hey Traderade, came across this post. How did the interview go, currently in energy in the natural gas area and was thinking about applying with ACT.
go to the RBN energy blog and search everything they have on RINs, start from the beginning. Bloomburg just had a article about some guy made millions running a RIN scam. The beginning has a good intro to what RINs are if I recall correctly. The article was called the refinery that made millions making nothing or along those lines
Those of us in commodities trading: your take on environmental products trading (Originally Posted: 07/27/2017)
To all you certs. in the commodities business, trading, structuring, etc. What is your take on this newish trend of environmental and weather trading roles / commodity trading companies? Talking about the biofuel, biogas, renewable energy, CO2, energy efficiency and waste markets in particular.
Where does this go from here? Will this market evolve into something? Let's talk about it.
My firm has a global book for renewable wastes. It's quite profitable if you can get sizeable amounts and sell on spot.
Personally, I think the biofuels industry is very interesting, although the demand side seem to be primarily driven by political mandates. For instance biodiesel is driven by RINS policy in the U.S., and the RINS mkt is still very opaque (although its getting better). If you ever want a good read... search up "RINS Fraud" and you'll get countless people who made millions by faking RINS numbers and selling them to the big oil and gas companies. At my firm there is a fairly sizeable presence in biofuels, but not much in the other areas mentioned above.
Biofuels (Biodiesel) trading feels pretty well established, it's a cool mixture of Ags and energy trading with a focus on governmental policy. I feel like that market will continue to evolve and grow, trade in SME/RME/PME is on the up and in Europe while refining margins have been poor, European feedstock tightness has meant spot production margins have been good for the physical trader/producer. So there is money to be made in an interesting and fairly fluid/everchanging market.
The other markets you mentioned feel slightly different and seem to be struggling to establish themselves. Even the RIN equivalent in Europe is struggling for wide range uptake (the proposed cert. auctions had to stop due to lack of volume/liquidity in some cases).
Renewable energy is an interesting one - how do you differentiate it from normal power in practice?
Ut reiciendis autem harum sit. Sint excepturi repellendus nulla nihil. Est assumenda architecto ut tempora voluptatem totam.
Et esse enim voluptatum totam nam ut quo. Et sed pariatur reprehenderit reiciendis consequuntur illum nesciunt consectetur. Aut ab dolore aliquid consectetur. Incidunt ea eum qui cumque fuga nobis saepe.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...