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Gas Trading Help Please


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  #1 (permalink)
Dazz51
London
 
Posts: 5 since Jul 2013
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By way of introducing myself, I have no trading experience but am currently working on a business plan and cash flow forecasts to setup a commercial gas supply company here in the United Kingdom. The market is a very closed run thing and I am struggling to get the information required. The main part of the plan requires knowledge of trading physical gas. This is such a complex industry with huge profit but not without its risk. I am appealing for anyone with the knowledge of how this market works in terms of trading gas futures and how to get statistics on historical data for trading futures. Currently I am trying to compare like for like gas spot prices with gas futures prices for the previous year to date, working on the basis that I would be hedging a month at a time. So for example I would like to get the average futures price for August 2012 if buying during the previous month of July 2012 and the same for each month thereafter. Ideally I would also like to do this with longer hedges of 2/3 months to compare.
I already have the daily spot price information but I seem to have no way of getting the futures information and wondered if anyone could help.

I am aware that the trading is done through ICE and APXENDEX here in the UK.

Even if you can't help with my particular current predicament, I am most certainly in need of any help that is on offer as I have to create a sound business plan very soon as I have some large companies interested.

I hope to hear for anyone you thinks they can help.

Kind Regards

Darren

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  #3 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


I have never traded RBOB, but have trade WTI crude oil exclusively and have stayed somewhat aware of the relationship between the two, and therefore to some extent the motion. If you do not find someone, I would be willing to share what I know about it.

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  #4 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
Posts: 1,145 since Feb 2010
Thanks Given: 304
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Since you don't need to trade, just go here and sign up for a data feed Welcome to DTN IQFeed! - Fast, Reliable, Affordable. Market Data and API's. I am not sure if metatrader can connect to iqfeed or not, if not then get a free license for ninja trader.

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  #5 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,104

You could have a quick glance at the TradingView Chart, but this will not get you any accurate data.

The suggestion by @vegasfoster for a free trial of DTN/IQ is a good one. DTN/IQ has quality data for all IPE traded instruments.

You can download that data, for example by connecting NinjaTrader (free version) to DTN/IQ and then exporting the data to Excel.

Alternatively you could purchase daily data from one of the authorized data vendors: ICE - Authorised Distributors

Historical EOD data is also available from CSI: Commodity Systems Inc. ? [AUTOLINK]EOD[/AUTOLINK] Market Data and Trading Software



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  #6 (permalink)
 
Robert Carrillo's Avatar
 Robert Carrillo 
Omaha NE
 
Experience: Intermediate
Platform: IQFeed compatible
Trading: ES
Posts: 271 since Jun 2012
Thanks Given: 234
Thanks Received: 376

It may be that IQFeed could do the trick for historical data, as other have suggested.

DTN has a huge presence in the Energy industry. We have a Refined Fuels division with every US producer as a customer, and those folks may also be able to assist.

If you'll PM your email, I'll send info to get you started.

Regards,

Robert

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  #7 (permalink)
Dazz51
London
 
Posts: 5 since Jul 2013
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Thank you all for your help and steer in the right direction.
With regards to fat tails and the links you have provided this all looks very promising.
The image for the TradingView Chart looks like the exact market I am looking at getting the historical data from.
The only problem I have is that as I am not a trader I cannot easily read these charts.
If I find the right place for the historical data and get taught how to extract the data I need in layman's terms then I could go through and retrieve it all and produce my business plan and cash flow forecasts from that data.

If I give one example of what I need, then perhaps one of you helpful people can help me further. I hope.

So for instance I would like to know an average price for Physical Natural Gas to be delivered into the UK system, for say July 2012 if purchased during the month prior (June 2012) I would be buying a whole month of days at a time. This way I can work out and plot the average prices for hedging one month in advance, I would then follow this example and plot up until July 2013. I would then hope to plot the same for 2/3 month hedges and then plot buying quarter blocks of 3 months and annual blocks of days.

This all seems rather complicated with no trading background and am hopeful that someone takes pity on me.

Thank you in advance

Darren

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  #8 (permalink)
Dazz51
London
 
Posts: 5 since Jul 2013
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I need to have a minimum of 5 post before it will allow me to PM anyone.

So this will help me on my way.

Darren

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  #9 (permalink)
Dazz51
London
 
Posts: 5 since Jul 2013
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Nearly able to PM, just one one post after this.

Darren

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  #10 (permalink)
Dazz51
London
 
Posts: 5 since Jul 2013
Thanks Given: 0
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I am able to PM now hopefully.

Darren

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Last Updated on August 1, 2013


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