Short Term - Trader
My client is seeking a highly analytical and motivated ERCOT Cash Power Trader to join the team in Houston or Stamford. This role is ideal for someone with a strong understanding of the ERCOT power markets and a passion for data-driven trading.
Responsibilities:
- Manage and trade ERCOT power markets, including Bal-day, weekly, and Bal-month markets.
- Develop and implement statistical-based models to correlate supply and demand with price.
- Identify opportunities for speculative CRR, cash, and DAM Virtual & PTP trades.
- Provide short-term market making to support retail business operations.
- Conduct thorough market analysis to inform trading decisions and manage risk.
- Collaborate with origination staff to optimize trading strategies.
- Create and maintain reports on market performance and trading activities.
- Ensure compliance with industry regulations and company policies.
Qualifications:
- Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a related field.
- Minimum 2 years of experience trading in the ERCOT power markets
- Proficiency in Excel, SQL, or VBA; experience with Python is a plus
- Strong analytical skills and understanding of probability and risk management.
- Excellent problem-solving abilities and a proactive attitude.
- Clear and effective communication skills, both written and verbal.
- Ability to work autonomously and adapt to a dynamic work environment.
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