Internship “Gas market trading and forecasting” (fulfilled)
Example of recent internship / placement project
Gas market trading and forecasting
We are looking for a final year student to do their internship or placement in the field of Quantitative Modelling, for our Gas Storage software model.
Just to give you a little bit of background: the European market for natural gas is rather volatile. Prices go up and down in response to the weather, to oil price changes, to news affecting supply expectations (‘shale gas’, ‘Groningen’, ‘Russia’), etc. Gas market players trade in the market to balance their portfolio and benefit from such price variations. Gas storage assets play an important role to balance supply and demand, and are used as ‘real options’ to maximize profits.
KYOS has established itself as the leading provider of gas storage modeling software. The software is used by a few dozen European gas traders to determine the trading value of gas storage and to optimize their trading decisions. We would like to strengthen this position and expand its services with the offering of new services and tools for forecasting gas flows and gas prices.
Your role as intern
As a gas market intern, you will explore innovative solutions to forecast the prices and flows in the gas market. Together with your international KYOS colleagues, you will use existing models, develop new models, analyze data and assess forecasting accuracy. With this internship you will get a good understanding of gas markets and gas trading, as well as apply your econometric/mathematical skills to develop powerful tools for traders. You will analyze data, develop an econometric model, implement the model in Matlab code, and evaluate the results with your colleagues.
Your profile
Successful applicants will:
- Be in the final phase of your Econometrics or Mathematics’ master
- Be available for 3-5 days per week for a minimum of three months
- Have a keen interest in commodity markets and financial modeling
- Demonstrate experience with Matlab programming
- Have strong analytical skills
- Be result-oriented, while ensuring the quality of work
- Be proficient in English, both verbally and in writing.
After the 3-months period, the internship may be combined with the writing of your thesis
Our offer
We offer an entrepreneurial work environment in an international team with several ‘quants’. You will gain valuable experience in commodity markets and financial modeling.
Working at Kyos
KYOS Energy Consulting develops financial analysis software for trading, valuation and risk management in energy and other commodity markets. The software is in use at large corporations, mainly energy companies, large industrials and trading houses. KYOS continuously works on the further improvement, extension and integration of its software suite.
Our office is located in the old center of Haarlem, the Netherlands. It is 5-10 minutes’ walk from the central railway station, and easy to reach from Amsterdam, The Hague, Rotterdam, Utrecht and Leiden. KYOS has an international team and works for clients in Europe, North-America and Asia.
Summary
Location: Haarlem, the Netherlands
Period: start in April 2018 or later
Duration: 3 months or longer
For: Master students in Econometrics, Mathematics or similar
Are you interested in doing your internship at KYOS? To apply, please send your CV and motivation letter to: info@kyos.jp
