Imagine you come to work around 7 am to prepare for the trading day. You expect a set of reports around exposures, PNL, MTM, etc to give you your starting positions and to help you make decisions what to trade today. They are missing. Someone in IT explains the End-of-Day has failed and it is re-run as we speak.
You take a sip of coffee and wonder whether to shout to someone. Then you go back to Excel and start to recover what happened yesterday to make sure you don’t trade based on wrong positions.
Sounds familiar?read more
From the memories of a risk manager turned accountant: The concept of economic hedging (fixing a price over time in order to ensure predictability of future cash flows) is fundamental to a market risk manager’s job. My more than four years’ experience in this area did...read more
Snow is falling all around me children playing having fun..” Yeah, the winter is coming… I spent the last few of those in Italy as an end consumer and a power trader. Apparently, I have remained oblivious to the challenges of the deregulation progress in another...read more
One of the latest EU regulations came into force on the 3rd of July 2016. As many such regulations it is a quiet revolution attracting the attention of only people directly affected by it. For the rest, it is another convoluted text intended to strengthen the EU...read more