Instruments across every desk
Futures, swaps, options, FFAs and certificates, configured per commodity family rather than hard-coded.
Paper book
Paper & derivatives trading software
Futures, swaps, options, FFAs and certificates across crude, products, gas, freight and power. Mark-to-market and value-at-risk compute from approved settled prices, and every hedge can point at the physical deal it offsets — so effectiveness is measured, not asserted.
Units: lots · MWh · MT
Physical & paper
The lifecycle
From capture to cash, on one record.
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1
Capture
Instrument, settlement style, lot economics and clearing venue.
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2
Value
Mark-to-market on governed curves, with exposure by counterparty.
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3
Measure
Parametric and historical VaR, stress scenarios and hedge effectiveness.
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4
Settle
Cleared and bilateral settlement with margin and collateral.
Built for this market
What you get for Paper & derivatives.
Configured for how this market actually trades — units, specifications, pricing conventions and settlement rules — rather than a generic template with the labels changed.
Governed mark-to-market
MTM computes from approved settled prices only, so a value can always be traced to the price that produced it.
Parametric & historical VaR
Both methods over the curve-linked portfolio, deterministic and reproducible from the same inputs.
Hedge effectiveness
Paper hedges carry a reference to the physical trade they offset, making effectiveness measurable per relationship.
Margin & collateral
Netting-set exposure, collateral ledger and margin-call lifecycle for cleared and bilateral books.
Credit exposure
Counterparty exposure and limits checked against the live paper position.
Before you ask
Questions we get from Paper & derivatives desks.
- Which VaR methods are supported?
- Parametric (variance-covariance) and historical simulation, both computed from the governed settled-price history, so the same inputs always produce the same number.
- How is hedge effectiveness measured?
- A paper trade can reference the physical trade it hedges. Effectiveness is then measured on that relationship rather than inferred from portfolio totals.
Also covered
Every market on one platform.
Desks rarely trade one thing. Each market below runs on its own rulebook inside the same system of record — so a crude cargo and a power block share governance without sharing assumptions.
See it with your Paper & derivatives book.
We configure the demo around your contracts, your curves and your counterparties — so you are looking at your own desk, not a sample one.