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Cross-asset

Markets

Commodities are our flagship, backed by equities, fixed income, FX and rates.

Commodities

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Crude & Refined

Brent & WTI benchmarks, crack spreads and refining-margin risk.

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Natural Gas & LNG

Henry Hub, TTF and JKM, storage, basis and seasonal risk.

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Power & Renewables

Non-storable power, PPAs, shape and volume risk.

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Metals

Base and precious metals, LME pricing and warehousing.

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Agriculture

Grains and softs, weather and seasonality risk.

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Carbon & Environment

EU ETS, RECs, offsets and policy risk.

Equities

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Equities

Indices vs single names, systematic vs idiosyncratic risk, beta.

Fixed Income

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Fixed Income

Government and corporate bonds, yields, duration and spreads.

FX

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FX

Currency pairs, drivers, and transaction/translation exposure.

Rates

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Interest Rates

The curve, central banks and interest-rate swaps.