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Well, I think the distinction is that the techniques were originally designed to improve the response to the state of, for example, shipping in Rotterdam. That
by jamesbkel 15y ago
Well, I think the distinction is that the techniques were originally designed to improve the response to the state of, for example, shipping in Rotterdam. That is, the traders didn't particularly care if the shipping patterns were the most efficient possible, but that they were making the best trades based on observed patterns.
I believe the point of the article is that now these same techniques are being used to instruct the markets they were originally designed to simply monitor.
- apaprocki 15y agoI guess what got me thinking about it is because physical oil/gas traders have demurrage clauses in the contracts which kick in when a tanker is unable to offload its cargo by a certain time. This translates port congestion directly into hard cash that has to change hands, so for this specific problem that class of traders do very much care about the efficiency of the shipping patterns.