Landmarks in XVA

Landmarks in XVA

Commodity Investing and Trading


Stinson Gibner brings two decades’ worth of experience to Commodity Investing and Trading, in which he and his experienced contributors discuss all aspects of the commodity markets, from fundamentals to how best to invest and trade in them. This book systematically provides the reader with an introduction to the primary risk drivers of each of the principle commodity markets.

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In a world where commodities are increasing in importance due to the growth in emerging markets, issues over fossil fuels, renewable energy, rare earths, inflation, and precious metals (amongst many other issues), the necessity of this book is greater than at any time since the 1970s. The growing knowledge that commodities can be an effective tool for portfolio diversification has increased their desirability, and the volatility in these markets has necessitated a greater knowledge of their machinations.

Commodity Investing and Trading covers the full spectrum of investable commodity markets in order to give you a solid grounding in the nature and drivers of these markets. The book gives an overview of the fundamental risk drivers for the main commodity classes and issues pertaining to their transportation, storage and infrastructure; historical price perspectives and location pricing; a rationale of index investing and recent advances in index construction; the current trading strategies applicable to commodities; and key concerns for the coming decade. 

You are provided with broad-based expertise in these highly dynamic markets, regardless of your level of experience. The investor will become knowledgeable about the opportunities in these markets along with characteristics of each market segment and cautionary articles on how to avoid pitfalls. The novice trader will find a solid introduction to market fundamentals as well as a sample of typical strategies used in each market.

All readers will be provided with insight and practical knowledge on the commodity markets that could otherwise only be obtained by directly working for natural-resource-focused trading and investing companies.

Commodity Investing and Trading is the comprehensive guide to understanding and evaluating trading and investing opportunities in the commodities markets, with chapters written by established industry experts in commodities research.  

More Information
ISBN 9781906348847
Navision code MCIT
Publication date 14 Oct 2013
Size 155mm x 235mm
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Stinson Gibner

A nineteen-year veteran in energy risk management and trading, Stinson Gibner has been an Analyst at Whiteside Energy since 2012. Previously Stinson headed the Quantitative Analytics team for Citigroup Global Commodities, supporting offices in Houston, London, and Singapore.  Prior to joining Citi in 2005, he served as a director at Citadel Investment Group L.L.C., where he was responsible for developing models and systems used for energy trading and risk management.  From 1992 to 2001 Stinson worked in the quantitative modelling group at Enron Corp.


Part I: Commodity Market Fundamentals

The Impact of Non-Fundamental Information on Commodity Markets
Michael Haigh (Société Générale)

North American Natural Gas
Stinson Gibner (Whiteside Energy) and Rita D’Ecclesia (Sapienza University of Rome)

A Day in the Life of Commodity Weather
Jose Marquez

Oil and Petroleum Products: History and Fundamentals
Todd Gross (QERI LLC)

Wholesale Power Markets
William Webster (RWE)

The Metals Markets
Kamal Naqvi (Credit Suisse)

Grains and oilseeds
David Stack (Agrimax)

Jay Gottlieb

Part II: Trading and Investment Strategies

Farmland as an Investment
Marc Schober (Colvin & Co. LLP) and Greyson Colvin (Colvin & Co. LLP)

Agriculture Trading
Patrick O’Hern (Natural Resources and Commodity Fund of Funds)

Quantitative Approaches to Capturing Commodity Risk Premiums
Mark Hooker (State Street Global Advisors) and Paul Lucek (SSARIS Advisors, LLC)

Structural Alpha Strategies
Francisco Blanch (Bank of America, Merrill Lynch), Gustavo Soares (Macquarie Bank) and Paul D Kaplan (Morningstar Canada)

Energy Index Tracking
Kostas Andriosopoulos (ESCP Europe Business School)

Part III: Future Developments

Enterprise Risk Management for Energy and Commodity Physical and Financial Portfolios
Carlos Blanco (NQuantX, LLC)

Credit Valuation Adjustments (CVA) for Energy and Commodity Derivatives
Carlos Blanco (NQuantX, LLC)

The Past, Present and Future of China's Futures Market: Trading Volume Analysis
Wang Xueqin (Zhengzhou Commodity Exchange)