Trading Analyst
Case Study: An Asia-based
paraxylene trader who participates the in the daily Market On Close (MOC) is continually
looking for profitable physical and paper trading opportunities. His analyst works
closely with the trader and maintains a short-term model. It is particularly important
that the trader keeps up to date with market-moving events.
Key Challenges
- Staying up to date with market-moving events: It is crucial for the trader to
constantly monitor and react to market developments in order to identify profitable
trading opportunities. However, staying updated in real-time can be challenging and
time-consuming.
- Managing trading risk: Trading in physical and paper markets involves inherent
risks. The trader needs to effectively manage these risks to protect their positions
and maximize profitability. This requires access to accurate and timely market data,
as well as the ability to analyze and interpret it effectively.
- Identifying profitable trading opportunities: With a constantly changing market,
identifying trading opportunities can be challenging. Needs access to reliable
short-term forecasts and market analysis to make informed decisions and capitalize
on potential opportunities.
- Streamlining workflow: The trader needs to streamline their workflow to focus on
more strategic tasks and improve job performance. This includes efficiently
accessing relevant news, pricing, and analysis, as well as integrating data into
their own models and decision-making processes.
Solution: Our CSM+ chemicals
package helps the trading analyst:
- Understand market developments in near-real time through access to the Platts
Connect Workspace
- Access daily and intra-day news and pricing, written analysis, and view the MOC
- Understand our short-term outlook for Paraxylene and related markets which helps
identify potential trading opportunities
How our Solution Helps
- Identify profitable trading opportunities
- Managing trading risk
- Access to intra-day news and pricing
- Access to short-term forecasts
- Develop point of view on short-term market movements
- Reinforce your value to the team through building trust with senior management by
showing an ability to foresee and manage trading risks
- Advance your career with successfully identifying and acting on profitable trading
opportunities
- Streamlining workflow allows you to focus on more strategic tasks, improving job
performance and demonstrating efficiency to superiors
Workflow Solutions:
- The trading analyst has
created their own PX Workspace to match the needs of their workflow. His
custom Workspace includes daily price assessments for PX and derivatives, daily
market commentary and rationales, Platts forward prices and a rolling feed of
PX-related news
- For the first time the trading analyst is now able to add widgets showing our
monthly short-term price outlook for PX in Asia, as well as in other regions,
allowing him to analyze both regional and global arbitrage opportunities
- To gain additional insight into short-term market drivers the analyst regularly
speaks to our price reporters and PX experts to get their view on the impact of
market events
