Energy Risk Europe: Commodity trading demands big data, says Trafigura CRO

Trading firms urged to focus on data

Commodity trading firms stand to benefit from a crucial strategic advantage by grasping the opportunity presented by big data, according to Lawrence Austen, chief risk officer of Netherlands-based commodity trader Trafigura.

Speaking at Energy Risk Europe in London on October 9, Austen was frank about the challenges he faced in his role at Trafigura. “We trade everything from physical rebar in domestic markets in China to very liquid front-end curve positions on futures markets, and everything i