Nodal Trader

Nodal Trader

Active Power Investments · United States (Remote) · — · Posted 2026-05-06

Workplace: remote

Description

About Active Power Investments

Active Power Investments LLC is a market participant in the North American wholesale power markets. We engage in virtual transactions (VTs), participate in Financial Transmission Rights (FTRs) / Congestion Revenue Rights (CRRs) auctions, and engage in related energy trading in electric power and natural gas futures and exchange-traded derivatives. We offer exposure to these unique investment opportunities, which provide an exceptional combination of returns and portfolio diversification.

Our team develops and executes strategies across:

• Independent System Operator (ISO) markets, such as CAISO, ERCOT, MISO, NYISO, PJM, and SPP.
• Exchanges, such as ICE and CME, which offer related energy and commodities products.

About you

You are motivated by the opportunity for professional growth in a multi-disciplinary and fast-paced environment. You are excited about the challenges of a cutting-edge energy and commodities trading business. You find satisfaction working for an energy trading company intensely focused on searching for and finding opportunities in a variety of energy and commodities markets. You rise to the challenge of executing complex tasks necessitated by constantly changing market conditions. You have the tenacity to follow a set of complex controls that ensure smooth trade execution and proper risk management.

Requirements

• Improve the performance of the current Point-to-Point Obligation Bid (PTP) and daily spread trading program in terms of both profitability and volume, while complying with the Company’s risk metrics.

• Advance the virtual trading of supply (INCs) and demand (DECs) based on fundamentals such as weather patterns, load, unit outages, and transmission outages.

• Construct profitable FTR/CRR portfolios, both monthly and longer term.
• Develop power-flow simulator-based analysis programs for trading PTPs, VTs, and FTRs/CRRs.
• Complement the nodal trading with trading natural gas and electric power futures and other exchange-traded derivatives on commodity exchanges.
• Make sure that any such trading respects risk limits.
• Assist with improving the current risk metrics to be as accurate as possible in capturing risks inherent in nodal and futures / options trading.
• Assess and report on the effectiveness of our current risk measurement and management procedures.
• You are expected to be able to independently run a profitable trading book, net of all the relevant expenses (aka seat costs).

Preferred Qualifications

• Ability to work as part of a team as well as independently with multiple projects under tight deadlines.
• Excellent written and verbal communication skills.
• Direct experience with the nodal markets and/or futures markets.
• Understanding of the ISO transmission systems.
• Knowledge of the ISO supply stacks.
• Experience with power flow simulation in PowerWorld or a similar tool.
• Experience with the analysis of supply and demand in the ISO and futures markets.
• Experience with producing or ability to utilize short-term and long-term price forecasts of natural gas and electricity prices at various settlement points for profitable trading.

Nice-to-haves

• Programming experience in either of VBA, C#, Matlab, Mathematica, SQL, R, Python.
• An advanced degree in Electrical Engineering, Statistics, Financial Engineering, Finance, Mathematical and Computational Finance, Economics, or other similar quantitative discipline.

Benefits

• Total compensation for this seat combines a base salary with a profit-sharing component tied to book performance and is structured to scale with experience and track record.

Apply

Apply at Active Power Investments

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