Busy days trading the markets

Name:

Arthur Henri Gaidon

Education:

MSc in Economics & Management, MSc in Engineering

Position at NORDEN:

FFA Trader

How long have you been with NORDEN?

I joined NORDEN in 2018.

Fun fact:

I enjoy collecting old vinyl records and and spend a lot of time online and in record stores looking for old gems. I own about 700 records today.

What is your background?

I worked in Cargill as a coal and freight analyst, but was often asked to support the FFA trading team to trade freight derivatives and immediately fell in love with the fast pace and strategic thinking of the role. The opportunity to join NORDEN came around, and after meeting with people at the company and learning about the project around Dry Operator and FFA trading, I happily decided to jump on the NORDEN train. Looking at what we have achieved so far and the outlook ahead of us, there is no doubt this is one of the smartest decisions I have made in my life.

What does your typical workday look like?

It varies in intensity and markets are very unpredictable, but most days would be like this: I start my day around 6.30 a.m. to gather information on the market as it starts trading in Singapore. I am usually at my desk around 9 a.m, on the phone with brokers and writing the morning FFA update. After this, days are busy trading the markets, attending meetings, doing research and spending time with our research/risk/chartering teams to get their market inputs.

What is the best part of your job?

Beating the market and testing your capacity to follow a plan when emotions start getting involved is intoxicating. I also enjoy the human aspect of my role, both internally as part of a robust team, and externally with brokers. This is an aspect that is particularly strong in shipping and has sadly almost disappeared from most other commodity derivatives markets.

Why did you choose NORDEN?

Whilst at Cargill, I saw the reputation of NORDEN in the market was on the rise with Cargill including it in its bi-annual competition analysis report. This clearly helped my decision process when I was offered the FFA trading role at the company. However, it was really after meeting my future co-workers and hearing about the company’s ambition that I decided to go for it.