TRADING – MIDDLE OFFICE
In this course, we will talk about the activities, that are considered as Middle Office activities in an organization trading natural gas.
The activities covered under this course:
- Physical Exposure
- Price Exposure
- Option Valuation
- Value-at-Risk (VaR)
- Credit Risk
Calculating Profit and Loss (P&L or PnL): The Mark-to-Market PnL, is the one that we are going to be discussion.Process to mitigate risk: The middle office is also responsible, to ensure that everybody operates within the risk parameters stipulated by the management.