The Market Huddle Playing Football in The Pit (Guest: Ole Hansen)
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Jan 31, 2025 In this conversation, Ole Hansen, Head of Commodity Strategy at Saxo Bank, shares his extensive expertise in commodities trading. He discusses the future of energy with a focus on natural gas and its role against renewable sources. Ole also explores emerging trends in agriculture, touching on issues like weather impacts and tariffs. The episode offers insights into recent dynamics in the oil market, highlighting the influence of monetary policy. With engaging anecdotes from his unique journey, Ole reflects on the evolving landscape of trading.
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Unexpected Commodity Career
- Ole Hansen's career transitioned to commodities by chance.
- A colleague's resignation opened a futures trading role, leading him to learn from his boss in Luxembourg.
Open Outcry Chaos
- Ole Hansen recalls the open outcry system in London's futures exchange.
- Traders sometimes didn't know their fill for an hour during volatile market events.
Football in the Pit
- Electronic trading quickly replaced open outcry.
- French floor traders resorted to playing football in the pit after the electronic launch.