We are an independent derivatives risk advisory and educational services firm providing customized hedging, trading, valuation and risk management solutions.

Our clients include leading energy firms, energy trading groups, utilities, mining companies, agricultural and metal trading firms, banks, assets managers and other firms with exposures to global derivatives markets.

We cover policy, methodology and infrastructure issues for market,credit, liquidity, operational and firmwide risk measurement and management for a wide range of energy and commodity exposures.

In addition to our educational and advisory services, we offer software solutions through NQuantX, LLC. We have recently started the development of a state-of-the-art valuation, hedging, market, counterparty, liquidity and collateral risk engine for energy and commodity firms. Contact services@blackswanrisk.com for information.

Advisory Services

• Hedging and Trading Stragegy and Execution
• OTC Derivatives, Portfolio, Contract and Asset Valuation
• Financial Risk Management Strategy
• Market and Counterparty Risk Measurement
• Technical Risk Reviews and Valuation Audits
• Risk Model Development, Validation and Backtesting
• Due Dilligence and Litigation Support

• Certificate Programme in Derivatives Pricing, Hedging and Risk Management for The Oxford Princeton Programme. See New Certificate Details, Seminar Dates and and Outlines (January 2012)
• NQuantX, LLC starts development of valuation, market, counterparty, liquidity and collateral risk engine for energy and commodity firms.
• Black Swan Risk Advisors Announces Spin-Off of Risk Advisory Services
• Michael Pierce, former senior Financial Engineer at FEA, Director of Financial Engineering for NQuantX, LLC and BSRA.
• BSRA completes trading, hedging and risk advisory projects for leading energy, mining, oil and energy trading firms (2011)
• BSRA successfully delivers over 75 interactive derivatives trading, pricing, hedging and risk management workshops to leading financial institutions and energy firms (2005- 2011).

• New articles: Collateral and Cash Flowat Risk, Potential Future Exposures, Dynamic Risk Simulation in Energy Markets, Understanding FAS 157,FAS 161, FAS 133, IAS 39, and more.
• “Risk Management Best Practices for Investments in Energy and Commodity Markets” in Intelligent Commodity Investing. New Strategies and Practical Insights for Informed Decision Making. RISK publications.
• Copulas and Coherence. Journal of Portfolio Management. Fall 2005;
• Beyond Normality, Volatility and Correlations. Frontiers of Financial Engineering and Risk Management 2005
• Over 125 articles published by Black Swan principals since 2005 (Oct 2010)