S&P 5006,912.40+0.54%NASDAQ23,148.72+0.81%FTSE 1009,134.65+0.28%BTC/USD117,842.00-0.92%ETH/USD3,486.20+1.47%EUR/USD1.1742+0.11%GBP/USD1.3648-0.06%GOLD3,338.50+0.39%BRENT68.74-1.05%US 10Y4.28%-3bpVIX16.42+2.18%NIKKEI 22540,163.90+0.66%UCL TSRECRUITING FOUNDING MEMBERS→S&P 5006,912.40+0.54%NASDAQ23,148.72+0.81%FTSE 1009,134.65+0.28%BTC/USD117,842.00-0.92%ETH/USD3,486.20+1.47%EUR/USD1.1742+0.11%GBP/USD1.3648-0.06%GOLD3,338.50+0.39%BRENT68.74-1.05%US 10Y4.28%-3bpVIX16.42+2.18%NIKKEI 22540,163.90+0.66%UCL TSRECRUITING FOUNDING MEMBERS→

// Insights

Insights

Interviews with market practitioners, and research written by our divisions.

Featured — INTERVIEW

INTERVIEW BY JAMES BRIDEL

18 MIN READ

Inside Physical Commodity Trading

An Interview with Samuel Basi

Eleven years at Trafigura, from operations to the hedge desk to physical metals trading — on how a physical trade actually works, what hedging really is, and how to break into an industry that is notoriously hard to enter.

Read the interview

// Division Research — First Issues

EQUITIES
Stock pitches, valuation deep-dives and sector primers.
FIRST ISSUE — 2026/27
COMMODITIES
Energy, metals and agriculture market notes.
FIRST ISSUE — 2026/27
FIXED INCOME
Rates, credit and yield curve commentary.
FIRST ISSUE — 2026/27
FX
Currency and macro positioning analysis.
FIRST ISSUE — 2026/27

Write for the founding issue

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