Big data and AI are crucial factors in commodity traders' investment decisions.

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Financial Times 1w ago

Big data and AI are crucial factors in commodity traders' investment decisions. - Financial Times

Quick Summary:

Approximately half of that came from commodities as the firm, like other traders, profited from the extreme volatility in energy markets following Russia’s invasion of Ukraine, the FT has reported. Citadel declined to disclose its 2023 performance.

The ability to process large volumes of data is particularly important in the fast-growing area of power trading, where the regulated nature of electricity markets produces large amounts of information.

Switzerland-based Mercuria, founded in 2004 by Marco Dunand and Daniel Jaeggi, was predominantly an oil trader but bolstered its power trading operations in 2014 through the acquisition of part of JPMorgan’s physical commodities business.