Overview
- Describes the evolution of quantitative trading in the oil market
- Explains trading models used by hedge funds and professional commodity traders
- Introduces novel approaches to pricing of oil options and to the theory of storage
Part of the book series: Springer Texts in Business and Economics (STBE)
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About this book
This book offers a fascinating insight into the world of oil derivatives, exploring the quantitative models and trading strategies used by professional market participants. With a focus on oil options and volatility trading, the reader is taken on a journey through the story of this market, narrated by one of its pioneers who managed a highly successful trading business for almost a quarter of a century.
Bridging the fields of energy economics and mathematical finance, this book demonstrates how the science of trading can unearth unique opportunities in the oil market. Written for aspiring quantitative traders and academic researchers alike, it offers a rare glimpse into the opaque and secretive world of oil derivatives, showcasing how it operates in practice.
Keywords
Table of contents (14 chapters)
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Front Matter
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Economic Foundations, Markets, and Participants
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Front Matter
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Quantitative Futures Strategies
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Front Matter
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Volatility Trading
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Front Matter
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Over-the-Counter Options
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Front Matter
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Back Matter
Reviews
“As financial markets and financial flows continue to shape oil markets, this book offers unique insights into the financial strategies of various market players and how these interact with physical markets. A must read for anyone interested in a deep understanding of the behaviour of oil prices and volatility.” (Dr Bassam Fattouh, Director, Oxford Institute for Energy Studies)
“Virtual Barrels is an insightful and comprehensive book on quantitative trading in the oil market. With its accessible writing style and self-contained approach, this book is perfect for both seasoned professionals and students alike, offering valuable insights and knowledge that will undoubtedly elevate your understanding of this fascinating field.” (Professor Petter N. Kolm, Courant Institute of Mathematical Sciences, New York University, Quant of the Year 2021)
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Virtual Barrels
Book Subtitle: Quantitative Trading in the Oil Market
Authors: Ilia Bouchouev
Series Title: Springer Texts in Business and Economics
DOI: https://doi.org/10.1007/978-3-031-36151-7
Publisher: Springer Cham
eBook Packages: Mathematics and Statistics, Mathematics and Statistics (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-36150-0Published: 02 December 2023
Softcover ISBN: 978-3-031-36153-1Due: 15 December 2024
eBook ISBN: 978-3-031-36151-7Published: 01 December 2023
Series ISSN: 2192-4333
Series E-ISSN: 2192-4341
Edition Number: 1
Number of Pages: XIII, 346
Number of Illustrations: 3 b/w illustrations, 89 illustrations in colour
Topics: Applications of Mathematics, Natural Resource and Energy Economics, Industries, Financial Services, Macroeconomics/Monetary Economics//Financial Economics