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Workflow graph

Mark to market and settle energy trades

Move from captured transactions and approved curves to explained P&L, controlled invoices, settlement estimates, and a reproducible close.

Decision
What changed in value, which exposure remains, and can operations, risk, and accounting reproduce the number?
Handoffs
4
Linked systems
8
Reviewed
Sep 4, 2026

Operating sequence

Inputs become a decision through controlled handoffs.

  1. Validate transactions and curves

    Owner: Middle office
    Inputs
    TradesConfirmationsCurve versionsReference data

    Output: A complete population ready for valuation

  2. Value positions

    Owner: Risk
    Inputs
    Pricing formulasForward curvesVolatilityFXActuals

    Output: Market value, P&L, exposure, and risk measures

  3. Explain and approve

    Owner: Risk control
    Inputs
    Prior-day valueNew tradesMarket movesModel and actualization changes

    Output: Reviewed P&L explain and resolved exceptions

  4. Invoice and close

    Owner: Settlements / accounting
    Inputs
    Actual quantitiesContract termsFeesTaxesCounterparty statements

    Output: Approved invoice, accrual, journal, and audit trail

Required market layer

Series the workflow must govern

Forward curvesDaily settlementsSpot assessmentsFX, volatility, and interest-rate inputs

Failure modes to test

  1. A missing curve is silently backfilled or carried forward without review.
  2. Operations actualize after risk freezes P&L, creating unexplained close movement.
  3. Trade, market, and model effects cannot be separated in the daily explain.
  4. Settlement formulas are re-created outside the system and drift from the contract.

Connected systems

Products mapped to this workflow

Source checked

ION RightAngle

ION Commodities · ETRM & CTRM software

Front-to-back CTRM for liquid hydrocarbons with deep scheduling, logistics, inventory, accounting, and tax workflows.

Enterprise platformCrude oilRefined products
Source checked

ION Openlink CTRM

ION Commodities · ETRM & CTRM software

Highly configurable, front-to-back CTRM for global, multi-commodity portfolios and complex risk and logistics.

Enterprise platformPowerNatural gas
Source checked

ION Aspect CTRM

ION Commodities · ETRM & CTRM software

Multi-tenant SaaS CTRM for physical and financial trading in liquid hydrocarbons, petrochemicals, metals, and carbon.

Multi-tenant SaaSCrude oilRefined products
Source checked

ION Allegro ETRM

ION Commodities · ETRM & CTRM software

Energy-focused ETRM for power, natural gas, liquid hydrocarbons, renewables, and environmental products.

Enterprise platformPowerNatural gas
Source checked

Molecule ETRM

Molecule Software · ETRM & CTRM software

Cloud-native ETRM for physical and financial commodity portfolios, automated valuation, P&L, risk, and reporting.

Cloud-native SaaSPowerNatural gas
Source checked

Amphora Symphony CTRM

Amphora · ETRM & CTRM software

Configurable CTRM for complex physical and financial commodity trades from capture through logistics, risk, claims, invoicing, and settlement.

Enterprise platform; hosting model requires confirmationCrude oilRefined products
Source checked

CoreTRM

CoreTRM · ETRM & CTRM software

Modern CTRM covering trade capture, logistics, inventory, real-time risk, forward curves, P&L attribution, reporting, and governance.

Cloud-native multi-tenant platformMulti-commodity; exact proposed coverage requires confirmation
Source checked

AEGIS Hedging Platform

AEGIS Hedging · Commodity hedge management software

Commodity hedge-management software paired with market intelligence, execution support, valuation, confirmations, settlements, and advisory services.

SaaS platformCrude oilNatural gas