Virtual Barrels: Quantitative Trading in the Oil Market

The global oil market is influenced by physical oil barrels, financial barrels traded by hedge funds, and dealers managing oil derivatives. This book provides insight into the world of oil derivatives, exploring quantitative models and trading strategies used by professional market participants. It bridges the fields of energy economics and mathematical finance and offers a rare glimpse into the opaque and secretive world of oil derivatives, showcasing how it operates in practice.

Format: Hardback
Length: 346 pages
Publication date: 02 December 2023
Publisher: Springer International Publishing AG

The global oil market has evolved beyond the mere control of physical oil barrels. In today's intricate landscape, financial barrels traded by hedge funds employing quantitative algorithms and dealers overseeing substantial portfolios of oil derivatives hold equal significance in determining the price of oil. This captivating book delves into the realm of oil derivatives, offering a profound exploration of the quantitative models and trading strategies employed by seasoned market participants. With a primary focus on oil options and volatility trading, the reader embarks on a journey through the history of this market, guided by one of its pioneering figures who oversaw a remarkably successful trading enterprise for nearly a quarter of a century. By seamlessly bridging the domains of energy economics and mathematical finance, this book showcases how the art of trading can unveil unique opportunities within the oil market. Authored with aspiring quantitative traders and academic researchers in mind, it provides a rare glimpse into the enigmatic and enigmatic world of oil derivatives, unveiling how it operates in practical application.

Weight: 810g
Dimension: 160 x 242 x 24 (mm)
ISBN-13: 9783031361500
Edition number: 1st ed. 2023