Francesco Savarese

Power Trader • MSc Mathematical Trading and Finance

Switzerland

About

Senior Energy Trader and Portfolio Manager with 7+ years of track record in European Power, Gas, and Environmental markets. Currently managing an unconstrained directional mandate at DXT Commodities, focusing on European Power. Proven history of generating high-Sharpe alpha in both extreme volatility regimes and normalized markets. I do not trade on "gut feel", I reason in probabilistic terms.

Experience

  • Senior Trader at DXT Commodities
    Sep 2024 - Present · 1 yr 10 mos

    Prop on Euro Power, Gas and EUA

  • Trasferimento at Career Break
    May 2024 - Aug 2024 · 4 mos

    Playing with my kids in the garden while packing on garden leave.

  • EDF Trading (6 yrs 4 mos)
    • Power Trader
      Jan 2022 - Apr 2024 · 2 yrs 4 mos

      Prop trading on Euro Power, Nat gas and EUA.

    • Junior Power Trader
      Jan 2019 - Dec 2021 · 3 yrs

      Prop trading on Euro Power, Nat gas and EUA.

    • Power Trading Analyst
      Jan 2018 - Dec 2018 · 1 yr

      • Worked on the Benelux and CEE markets. • Daily economic optimisation of a CCGT power plant in the Netherlands through Day-Ahead auction on EPEX market. • Forecasted Romanian and Hungarian Day-Ahead price. • Generated views on the spot and nominating cross-borders flows for CEE countries. • Background research and building/back-testing Tools and Financial Models.

  • Credit Trading Market Risk Intern at Crédit Agricole CIB
    Sep 2017 - Dec 2017 · 4 mos

    • Commented on the daily and weekly variations in the business activity, focusing on VaR, CVA and scenario analyses. on the credit positions. • Monitored the monthly activity and the market risk exposure on credit instruments: Korean CDS, Islamic bonds (Sukuks) and Non-bullet bonds. • Built tools in Excel/VBA to monitor the hedge performance over the VaR vector for the main CDS Indices.

  • Power Trading Intern at Enel
    Jul 2017 - Aug 2017 · 2 mos

    • Implemented a forecasting model on the Germany day-ahead delivery price with Neural Networks using Matlab. • Implemented and backtested cointegration trading strategies on the Cal18 spread GER-FRA using Python. • Assisted the trading activity with the booking of the trades and the creation of a reliable high-frequency database. • Responsible for the pricing of standard and structured products on the electricity market.