The Physical Trade

By:   Samuel Basi
Imprint:   Samuel Basi
Dimensions:   Height: 229mm,  Width: 152mm,  Spine: 12mm
Weight:   295g
ISBN:   9798295669712
Pages:   216
Publication Date:   03 March 2026
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Active

Samuel Basi is a commodities trader, risk-management specialist, and founder of Perfectly Hedged LLC. He began his career in 2009 at Trafigura, one of the world's largest commodity trading firms, where he spent over a decade trading, hedging, and managing risk across global base-metal markets.Starting in operations and moving onto the hedging and trading desks, Samuel worked across aluminum, zinc, lead, and copper, with exposure spanning Europe, the Middle East, Asia, and the Americas. At just 24 years old, he became one of the youngest physical traders in Trafigura's history, building and running large-scale physical trading books with both domestic and international flows. During his tenure, he significantly expanded traded volumes, managed complex arbitrage and spread risk across the LME and CME, and played a key role in the marketing and integration of the Nyrstar Clarksville zinc smelter following Trafigura's acquisition of Nyrstar.In 2019, Samuel joined Greenwich Metals Inc., where he built and led the derivatives desk from the ground up. Alongside managing firm-wide risk, he ran a proprietary trading book and developed discretionary and systematic strategies across futures and options markets. He also served on the firm's risk committee and regularly delivered internal training on market risk, margin, and exchange mechanics.In 2023, Samuel founded Perfectly Hedged LLC to address a gap he saw throughout the industry: a lack of practical, accessible education around hedging and physical commodity risk. His work focuses on demystifying complex topics and reducing the costly, avoidable mistakes that often occur between front, middle, and back office teams.He is the author of Perfectly Hedged: A Practical Guide to Base Metals and The Physical Trade: A Definitive Guide to Physical Commodity Trading. His books combine real-world trading experience with clear explanations, practical examples, and insights rarely found in traditional commodity literature. They are written for professionals across trading, operations, finance, and risk, as well as anyone looking to understand how physical commodity markets truly work.