Nodal Trader

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Active Power Investments LLC

WebsiteLinkedInAll Job Openings

11 - 50 employees

⚡ Energy

💸 Finance

Energy • Finance

Active Power Investments LLC is a market-participant investment and trading firm focused on North American wholesale power markets. It trades virtual transactions (VTs), participates in Financial Transmission Rights (FTRs) / Congestion Revenue Rights (CRRs) auctions, and trades related energy products such as electric power and natural gas futures and exchange-traded derivatives across ISOs (CAISO, ERCOT, MISO, NYISO, PJM, SPP) and exchanges (ICE, CME). The firm offers investors exposure to these energy-market trading strategies and emphasizes data, technology, and flexible trader-driven book management; it also recruits traders, analysts, and support staff.

📋 Description

• Actively participate in trading strategies and models for energy and commodities. • Trade various Independent System Operator (ISO) markets as well as exchanges. • Deal with virtual transactions and participate in auctions and energy trading. • Collaborate with a team focused on energy trading opportunities. • Ensure adherence to risk management controls during trade execution.

🎯 Requirements

• Improve the performance of the current Point-to-Point Obligation Bid (PTP) and daily spread trading program in terms of both profitability and volume, while complying with the Company’s risk metrics. • Advance the virtual trading of supply (INCs) and demand (DECs) based on fundamentals such as weather patterns, load, unit outages, and transmission outages. • Construct profitable FTR/CRR portfolios, both monthly and longer term. • Develop the power flow simulator based analysis programs for trading PTPs, VTs, and FTRs / CRRs. • Complement the nodal trading with trading natural gas and electric power futures and other exchange-traded derivatives on commodity exchanges. • Make sure that any such trading respects risk limits. • Assist with improving the current risk metrics to be as accurate as possible in capturing risks inherent in nodal and futures / options trading. • Assess and report on the effectiveness of our current risk measurement and management procedures. • You are expected to be able to independently run a profitable trading book, net of all the relevant expenses (aka seat costs). • **Your Skills include a number of the following:** • Ability to work as part of a team as well as independently with multiple projects under tight deadlines. • Excellent written and verbal communication skills. • Direct experience with the nodal markets and/or futures markets. • Understanding of the ISO transmission systems. • Knowledge of the ISO supply stacks. • Experience with power flow simulation in PowerWorld or a similar tool. • Experience with the analysis of supply and demand in the ISO and futures markets. • Experience with producing or ability to utilize short-term and long-term price forecasts of natural gas and electricity prices at various settlement points for profitable trading. • **You also may have:** • Programming experience in either of VBA, C#, Matlab, Mathematica, SQL, R, Python. • An advanced degree in Electrical Engineering, Statistics, Financial Engineering, Finance, Mathematical and Computational Finance, Economics, or other similar quantitative discipline.