Flux News

This week we introduce Harry Campion (Partner and Head of US Grades), who talks about his experience at Onyx Commodities and in this industry. 

In this episode, Alex Clayton, Nathaniel Loo and Amarjit Bhati - Junior Traders at Onyx Capital Group; speak about their day to day experiences at Onyx.

They cover different topics, in detail, from their own experience. If you ever wondered what the life of a Junior Trader is this podcast tell us the real truth. 

In this podcast, CEO of Onyx Capital Group Greg Newman discusses speculative bubbles and how the oil swaps market is particularly susceptible to them. He goes on to site examples that have occurred recently, whilst introduces the danger of the vast speculative open interest that currently exists ahead of the IMO 2020 regulation change.

In this episode, CEO of Onyx Capital Group Greg Newman is joined by two traders from Onyx Commodities who have come through the Onyx Trader Development Program, Benedict Williams and Ahria Roushanbakhti. The team discuss together the emergence of severe dislocations in compliant and non-compliant fuel prices ahead of the shift in regulations for bunker fuel ahead of the IMO 2020 regulations, questioning the logic of the price action and the influence of derivatives on the physical market.They go into detail on the current choices for bunker end users from an economic perspective, the price the market is valuing depressurization and introduce the concept of purchasing power that is still in the hands of the end users.

In this episode, Greg Newman (CEO of Onyx Capital Group) and Luke McDermott (Partner and Head of LPG desk at Onyx Commodities) speak about Luke's history and trajectory getting to where he is today; 40% of the Global Oil swaps market. Luke tells us what it takes to fully understand markets, how hard he worked to get where he is, how the barrel prices and Oil derivatives in general.

In this episode we look at the next step in hedging oil price exposure choosing the right contract. We introduce the concept of basis risk and liquidity or entering and exiting contracts with efficiency. We then move on to the need to work through time, product location, specification and finally execution to build the ultimate hedging solution.

“At what point do you acknowledge exposure in your PnL?”

Richard Rawlinson, Head of Commercial at Onyx Advisory demonstrates the 10 stage Onyx methodology following organisational processes from vendor sourcing, requisition order, approval, purchase order, good received, data capture, invoice matching, payment, tracking and finally, reconciliation. 

Remember - “If you are not hedging, you are speculating”.

In this week's episode, Greg Newman, Co-CEO of Onyx Capital Group - the world's largest oil derivative liquidity provider - and Richard Rawlinson, Head of Commercial at Onyx Advisory, start at the very beginning; what actually is hedging? They provide their own definition as well as common misconceptions, mistakes and bad practices that are rife in the business today. They emphasise how hedging is all about fixing cash flow by mimicking physical exposure and that, if you're not hedging, you are speculating!