The comprehensive guide to working more effectively within the multi-commodity market. The Handbook of Multi-Commodity Markets and Productsis the definitive desktop reference for traders, structurers, and risk managers who wish to broaden their knowledge base. This non-technical yet...

We put forward a constructive definition of electricity forward price curve with cross-sectional timescale encompassing hourly frequency upward. The curve is jointly consistent to both risk-neutral market information, as represented by base load and peak load futures quotes, and historical...

In this work we perform a pricing exercise of different types of spread options; we particularly focus on European calendar and crack spread options. We present the expressions followed by the joint characteristic functions of the underlying log-prices for a panel of bivariate processes. The...