Does your trade floor have a separation of powers? Our Enverus team members focused on trading and risk always attend the Energy Trading Risk Summit to soak in the thinking and logic of risk analysts. It’s inspiring and fascinating to see the lengths risk managers will go to protect data integrity and implement mitigation strategies. Now that we know market events like negative WTI prices are within the realm of possibility, pricing data integrity and a single source of truth in forward curve data management have become more integral than ever. Risk managers are tasked with identifying every risk and must maintain a mitigation strategy that is constantly updated and provided to executive teams. With risk management as a priority during an ongoing hit to global oil demand and a global pandemic, we’ve seen energy traders emerging with a demand for automation and risk resilience tools to execute on complex trade ideas. Risk managers’ roles go hand in hand with the implementation of new technology in the trade floor. As these professionals strive to implement the risk management culture throughout the entire company, they are fostering a culture of compliance. I personally loved hearing the way these managers strive to… continue reading
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Source: CTRM Center