Managing Risk

Chris Heilpern ()

Chapter Chapter 4 in Understanding Risk Management and Hedging in Oil Trading, 2023, pp 23-48 from Springer

Abstract: Abstract The goal of a trader and the company he works for is to make money while limiting risks to acceptable levels. It’s up to the trader and the company to decide just how far they go in managing risk and how much they try to reduce it. As with most things in business, risk management starts with people. A company needs experienced traders, expert operators, and qualified back and middle office staff. Management needs to have a basic understanding of trading in order to decide which risks are acceptable. Systems need to be put in place including dedicated software and procedures. Trading churns large sums of money so a key to trading is a competent finance department that can access working capital and protect payments and assets.

Date: 2023
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DOI: 10.1007/978-3-031-44465-4_4

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