159: Greg Newman – Bringing Stoicism to Trading—and Market Making in Oil Derivatives
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Oil Derivatives Trading
When I joined Mandara it was a focus more on the curve arbitrage. So essentially we were trading forward prices in the OTC market against the futures, you'll kind of see day to day, rent, WTI and we're trying to profit Essentially from the price dislocations. And my method was to properly analyze the crude market in particular and crude, being the, what you actually dig out of the ground. Ultimately what we sell, what's sold into the rest of the market is the end user product, you know, gasoline, the diesels, et cetera. But ultimately the crude fundamentals do have the biggest say.
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