Albert Helmig CEO Grey House
Albert Helmig CEO Grey House
FUTURES MARKETS • Exchanges provide forum for Risk Transfer • Transparency, Liquidity and Clearing
• Mark to Market daily vs OTC / Structured Products • Open Interest and the slope of the Forward Curve.
2
Combined Open Interest and Volume 4,500,000
4,000,000
3,500,000
3,000,000 DME Oman Daily Open Interest
2,500,000
ICE Brent Daily Open Interest ICE WTI Daily Open Interest
2,000,000
NYMEX Brent Daily Open Interest NYMEX WTI Daily Open Interest
1,500,000
DME Oman Daily Volume
ICE Brent Daily Volume
1,000,000
ICE WTI Daily Volume NYMEX Brent Daily Volume
500,000
NYMEX WTI Daily Volume
0
3
Nymex WTI Open Interest vs. Prompt Price 2,000,000
$160
1,800,000 $140
1,600,000 $120
1,400,000 $100
1,200,000
1,000,000
$80
800,000 $60 600,000 $40 400,000
Nymex WTI Total Open Interest Nymex WTI Prompt Price
$20 200,000
0
$0
4
ICE Brent Open Interest vs. Prompt Price 2,500,000
$160
$140
2,000,000 $120
$100
1,500,000
$80
1,000,000 $60
$40 ICE Brent Total Open Interest
500,000 ICE Brent Prompt Price
$20
0
$0
5
NYMEX WTI Forward Curves 104 ($/bbl) Last Year
101
Year Ago Oct 15
98
95
92
89
86
83
80
77 Contract Delivery Month 74 Nov '14
Nov '15
Nov '16
6
ICE Brent Forward Curves ($/bbl) 112 Two years Ago 108
Last Year
Oct 15
104
100
96
92
88
84 Contract Delivery Month
80
Nov '14
May '15
Nov '15
May '16
Nov '16
May '17
7
Crude Oil Forward Curve
8
9
FUTURES MARKETS • Exchanges provide forum for Risk Transfer • Transparency, Liquidity and Clearing
• Mark to Market daily vs OTC / Structured Products • Open Interest and the slope of the Forward Curve.
2
Combined Open Interest and Volume 4,500,000
4,000,000
3,500,000
3,000,000 DME Oman Daily Open Interest
2,500,000
ICE Brent Daily Open Interest ICE WTI Daily Open Interest
2,000,000
NYMEX Brent Daily Open Interest NYMEX WTI Daily Open Interest
1,500,000
DME Oman Daily Volume
ICE Brent Daily Volume
1,000,000
ICE WTI Daily Volume NYMEX Brent Daily Volume
500,000
NYMEX WTI Daily Volume
0
3
Nymex WTI Open Interest vs. Prompt Price 2,000,000
$160
1,800,000 $140
1,600,000 $120
1,400,000 $100
1,200,000
1,000,000
$80
800,000 $60 600,000 $40 400,000
Nymex WTI Total Open Interest Nymex WTI Prompt Price
$20 200,000
0
$0
4
ICE Brent Open Interest vs. Prompt Price 2,500,000
$160
$140
2,000,000 $120
$100
1,500,000
$80
1,000,000 $60
$40 ICE Brent Total Open Interest
500,000 ICE Brent Prompt Price
$20
0
$0
5
NYMEX WTI Forward Curves 104 ($/bbl) Last Year
101
Year Ago Oct 15
98
95
92
89
86
83
80
77 Contract Delivery Month 74 Nov '14
Nov '15
Nov '16
6
ICE Brent Forward Curves ($/bbl) 112 Two years Ago 108
Last Year
Oct 15
104
100
96
92
88
84 Contract Delivery Month
80
Nov '14
May '15
Nov '15
May '16
Nov '16
May '17
7
Crude Oil Forward Curve
8
9
