Last Thursday (January 31, 2013) a high frequency trading event about 400 milliseconds before the scheduled EIA Storage data release set off a frenzy of selling in the NYMEX Natural Gas futures market. Some analysts believe that the storage report could have been leaked. Others blamed computer timing issues. These events resurrected ghosts of EIA storage numbers past and inspired our examination of these developments in the context of the evolution of high frequency trading in energy markets.
Bio:
Dr. Vincent (Vince) Kaminski is a Professor at Rice University and a Capital Markets Consultant. Dr. Kaminski has worked in different positions related to quantitative analysis and risk management in the merchant energy industry. The companies he worked for include Citigroup, Sempra Energy Trading, Reliant Energy, Citadel Investment Group, and Enron (from 1992 to 2002) where he was the head of the quantitative modeling group.
Position:
Mr. Kaminski is a Professor in the Practice of Executive Education at Jesse H. Jones Graduate School of Business at Rice University. He teaches MBA level classes on energy markets, energy risk management and valuation of energy, as well as classes in the executive education program.
Industry:
Mr. Kaminski is a Professor in the Practice of Executive Education at Jesse H. Jones Graduate School of Business at Rice University. He teaches MBA level classes on energy markets, energy risk management and valuation of energy, as well as classes in the executive education program.
Location:
Houston, TX
Education:
Mr. Kaminski holds an M.S. degree in international economics, a Ph.D. degree in theoretical economics from the Main School of Planning and Statistics in Warsaw, Poland, and an MBA from Fordham University in New York. He is a recipient of the 1999 James H. McGraw award for Energy Risk Management (Energy Risk Manager of the Year).
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