Commodity Trading Academy

This Live Online course covers: What is storage Why companies might want storage The costs associated with storing natural gas Valuing storage Optimisation of storage Types of market structure How to hedge a storage play Intrinsic and Extrinsic Value Access to Ignite trading simulator - a 10-minute trading tutorial where you will be able to utilise withdrawal and injection rights to store NBP gas and apply hedges to capture a storage play.   During the live session, the former trader will talk about real-world storage examples and considerations when making these trades. Using the Ignite trading simulator - you will play a complex 30-minute trading simulation where you will be able to utilise withdrawal and injection rights to store TTF gas and apply hedges to capture a storage play.  Throughout the simulation, the TwoTwoFive team will be there to help you, if required. Experience how traders trade the physical natural gas markets, see your price exposures and live profit/loss. Read more

This Live Online course covers: Price Exposures What is physical cargo trading Physical delivery terms Factors that influence supply Factors that influence demand Crude oil quality Contractual considerations Price reporting agencies - who are they and what they do Explains floating prices and benchmark prices What is crude oil differential trading Arbitrage Explains physical arbitrage Different aspects of crude oil Voyage chartering Time charter Bareboat charter Contract of affreightment Worldscale - what it is and how it works Operational costs of arbitrage Financial risks When traders arbitrage Netback calculation ​Hedging Why hedge Basis risk Swaps as hedging instruments Types of hedging A detailed example of hedging a fixed price cargoes A detailed example of hedging a floating price cargoes Operational impact on pricing ​Settlement Prices and Pricing Windows What are settlement prices and why are they important How settlement prices are determined Price reporting agency settlement assessment methods explained The history of market on close (MOC) and pricing window's Fundamental principles of MOC Pros and cons of pricing windows When is MOC and how long it lasts A MOC timeline Pricing window methodologies A pricing window in action Hedging in the pricing window Pricing window trading strategies Trading tutorials, simulations and live online sessions Price Exposures Ignite trading tutorial - a 10-minute trading tutorial where you will be able to speculatively trade Oseberg (North Sea) and Forcados (Nigeria) crude oil physical cargoes with a 10 cargo trading limit. During the live session The former trader will talk about real-world crude oil physical trading and considerations when making these trades. Ignite trading simulation - you will play a complex 40-minute trading simulation where you will be able to speculatively trade Cabinda and Forcados (West African), Forties, Oseberg and Statfjord (North Sea) crude oil cargoes ​Arbitrage Ignite trading tutorial - a 10-minute trading tutorial where you will be able to trade Bakken crude oil cargoes loading US Gulf Coast and Urals crude oil cargoes loading Baltic, charter vessels, and manage the risk exposures. During the live session The former trader will talk about real-world arbitrage movements and considerations when making these trades. Ignite trading simulation - you will play a complex 50-minute trading simulation where you will be able to trade Cusiana and Oriente (South American), Forties, Oseberg and Statfjord (North Sea) and Dubai (Middle East) crude oil cargoes, charter vessels and manage the various price risk exposures generated.  Throughout the simulation, the TwoTwoFive team will be there to help you if required. Hedging Ignite trading tutorial - a 10-minute trading tutorial where you will be able to apply arbitrage hedges to a Bakken crude oil cargo and price risk manage the cargo as the purchase and sale price in/out. During the live session The former trader will talk about real-world hedging scenarios and considerations when making these trades. Ignite trading simulation - you will play a daily unwinding 30/45 minutes trading simulation where you will be able to identify and apply hedges as various crude oil cargoes price in and out.  Time permitting, you will then play a 30/45 minutes complex trading simulation where you will be identifying, applying arbitrage hedges, charter vessels and unwinding hedges to 5 physical arbitrage cargoes.  Throughout the simulations, the TwoTwoFive team will be there to help you if required. ​Settlement Prices and Pricing Windows Ignite trading tutorial - a 10-minute trading tutorial where you will be able to trade partial cargoes and futures during physical pricing windows and price risk manage a Forties (North Sea) crude oil cargo as the purchase price's in. During the live session The former trader will talk about real-world pricing window examples and considerations when participating and trading. Ignite trading simulation - you will play a complex 60-minute trading simulation where you will be able to trade futures, partial cargoes, submit your own cargoes and manage them during physical pricing windows and price risk manage North Sea crude oil cargoes as the purchase and sales price's in and out.  The pricing windows will be competitive as you will be against course delegates and facilitators and your actions may directly impact the settlement prices. Throughout the live sessions, the TwoTwoFive team will be there to help you during the simulations, if required. Experience how traders trade the physical oil markets, see your price exposures and live profit/loss. Read more

The LNG Face-to-Face Academy is an engaging and interactive course that will help you understand how a trader extracts value and manages risk in a LNG portfolio.  It features engaging and interactive lectures coupled with a number of realistic physical trading simulations; giving you the opportunity to experience the physiological highs and lows of commodity trading. 24 CPD points Duration: 3 days Timings: 9am-5pm Location: London Read more

This E-Learning course covers: What is storage Why companies might want storage The costs associated with storing natural gas Valuing storage Optimisation of storage Types of market structure How to hedge a storage play Intrinsic and Extrinsic Value Access to Ignite trading simulator - a 10-minute trading tutorial where you will be able to utilise withdrawal and injection rights to store NBP gas and apply hedges to capture a storage play.  Experience how traders trade the natural gas markets, see your price exposures, and live profit/loss.     Read more

This E-Learning course covers: Why hedge Basis risk Futures as hedging instruments JKM swaps as hedging instruments Hedging considerations Types of hedging A detailed example of hedging a floating price deals Futures or swaps? Dirty or imperfect hedging Access to Ignite trading simulator - a 10-minute trading tutorial where you will be able to apply hedges to a long term TTF contract pricing off Brent and price risk manage the gas as the contract prices in. Experience how traders trade the natural gas markets, see your price exposures and live profit/loss.       Read more

This E-Learning course covers: Explains physical arbitrage Gas pipelines Trading geographical spreads Costs to move gas Valuing pipeline capacity Optimisation of pipelines Access to Ignite trading simulator - a 10-minute trading tutorial where you will be able to trade around the pipeline capacity you have between THE and TTF.  Experience how traders trade the nat gas markets, see your price exposures, and live profit/loss.       Read more