Commodities trading has always been about having an informational edge. About having better data. With digitalisation, data is now produced in exponentially larger quantities and so has our capacity to process it. Traders are spending millions on collating and analysing it. Why are they doing this? Can it lead to a lasting competitive edge? Or should we be sceptical given the monumental costs and challenges in applicability and implementation. What does this mean for the role of a commodity trader? Alex Chandy, former energy trader and now CEO of 2DA, a data analytics software firm in commodities trading, gives us his insight.
Visit Digital Wildcatters for the Margin Call podcast, hosted by Alex, which focuses energy trading, policy and markets.
The HC Insider Podcast
Each day, around the world, we have fascinating one-on-one conversations with our connections. Our collaborators are uniquely informed, creative and inspirational in their fields. We want to provide our community a seat alongside us, listening in to these conversations in that special way podcasting provides, as we tackle topical and people related issues with the leaders and leading minds in our sector.