The Economics of Commodity Trading Firms - abridged version
Commodity trading is one of the oldest forms of human activity. It is central to the global economy. Yet up to now there has been remarkably little research into this important area. The Economics of Commodity Trading Firms demystifies the commodity trading business through a combination of description and analysis.
The white paper is written by Craig Pirrong, professor of finance and the Energy Markets Director for the Global Energy Management Institute at the Bauer College of Business at the University of Houston. His research focuses on the economics of commodity markets. Business commentator and broadcaster Michael McKay recently interviewed the professor about the contents of his white paper.