Trighill Consulting

Electricity Derivatives · Market Making · Financial Transmission Rights

Recent Experience

Two decades of experience in nodal electricity markets across North America and New Zealand. Designed and implemented two market making systems for participants with mandatory market making obligations of New Zealand Electricity Futures listed on the ASX. Hands on experience trading congestion products in the Eastern US.

  1. FTRS 2026 - current

    North American Financial Transmission Rights Project

    Design and implement a suite of tools to construct statistical FTR portfolios for ERCOT, PJM, MISO, NYISO and SPP. Construction of the data pipelines to enable efficient backtesting. Implement algorithms for trade selection, bidding strategies, trade sizing, risk and concentration constraints.

  2. Market Making 2025 - 2026

    New Zealand Electricity Futures Market Making System 2

    Designed and implemented automated market making strategies for a large New Zealand generator-retailer with mandatory market making obligations. The system executes billions of NZD in contract face value annually. This project has significantly reduced the cost of market making.

  3. FTRs 2024 - 2025

    Financial Transmission Rights Quantitative Research Project

    Built quantitative research and risk management frameworks for a fund trading FTRs across ERCOT, PJM, MISO, NYISO, and SPP.

  4. Market Making 2022 - 2024

    New Zealand Electricity Futures Market Making System 1

    Development of market making and risk management systems for Bold Trading when they were selected as the commercial market maker for the New Zealand Electricity Futures on the ASX.

Areas of Interest

Markets
  • Wholesale electricity markets
  • Congestion trading (PJM, MISO, ERCOT, NYISO, SPP)
  • New Zealand Electricity Market, ASX market making & FTRs
Quantitative
  • Algorithmic market making
  • Financial Transmission Rights
  • Electricity Market Design
  • Risk Management
Engineering
  • Low-latency execution systems
  • Time-series infrastructure and data pipelines
  • Quantitative research tooling
  • Backtesting & simulation frameworks
Technologies
  • Python, SQL, R, C#, TypeScript

Contact

Please reach out if I can help.

Email
[email protected]
Based
Auckland, New Zealand