National oil company optimizes trader workflow and delivers global compliance
Case study
On time and budget
A national oil company significantly expanded its footprint in the financial derivative markets. Although primarily active in physical markets, growth in derivatives added complexity to its operations.
The client had difficulty fully hedging all its physical strategies via its macrobook. Traders had to manually verify that the macro hedge placed at the start of the week still covered multi-strategy exposures at the end of the week. BroadPeak’s Trade Allocation solution was deployed across global trading desks on time and budget, giving the client greater operational flexibility, visibility, and control.
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With BroadPeak, traders could manage detailed physical activities while hedging at the macro level. This gave its physical business the flexibility to pursue strategies with different risk profiles. The back-office team gained full visibility into allocations and could make corrections, if required, without involving technical staff.
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