Power trading in Houston

Question

My background is in HFT, but interested in moving to power trading in Houston.  Wondering if anyone could give the lay of the land there, as far as who are the players, and if any shops are interested in pure quant backgrounds.

gctrader · Accepted Answer

yes, most shops would be interested in pure quants to some degree. You could add value across all producst FTRs, virtuals, and ICE. May need to overcome a learning curve in terms of the niche power markets/rules but if you have solid data analysis and programming skills it could happen. Some shops to look at in Houston:

EDF
Saracen
Roscommon
DC Energy (DC not Houston)
Citi
BAML

There a bunch out there just do some searching and you will find shops ranging from prop shops to big asset owners to banks.

gctrader · Answer

I'm not sure what your background is but maybe look an quant analyst roles. I think trying to make a jump right into a trading seat maybe be hard but not impossible. The only reason I say this is because the power markets can be extremely niche and detail oriented. I think any role that would allow to work work as an analyst would allow to gain the knowledge necessary. The other way would be go in via a real time desk or scheduler role,on the surface you may be overqualified for those roles but it would definitely help build a solid foundation.

Albrecht · Answer

Thanks again, hadn’t considered the real time route.  I don’t have a specific region in mind.  have been looking at data for FTR’s and virtuals and trying to develop an algorithmic strategy on my own as a way to gain experience.  I suppose it’s conceivable that if something looks good I might try it on my own or try to find an investor, although I am sure it would be better to have some experience on a desk  first.  Already in Houston and would like to stay, which is how I started looking at power in first place.

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Power trading in Houston

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Power trading in Houston

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