Energy Trading And Risk Management Software

Energy trading and risk management software programs are becoming increasingly popular in the energy industry as companies look for ways to lower their costs, increase revenues, and improve their bottom line. This software allows you to predict your risks and rewards based on current market conditions so you can make better decisions about which investments will pay off for your company. The analytics behind these programs help to predict how much energy will be returned from solar panels as well as how much energy will be saved from using solar power instead of conventional electric sources.”

In this guide, we review the aspects of Energy Trading And Risk Management Software, best etrm software, energy trading companies, and best trading software for swing traders.

Energy Trading And Risk Management Software

Energy trading and risk management software (ETRM) is a computer program platform used by companies in the energy industry to follow and deal with the energy market. This software is an automated platform that allows you to make very quick calculations about your risks and rewards, for the most part. They are used by anyone who deals in volatile markets, including Wall Street firms. Software for energy trading is also used for solar companies. The analytics behind these programs help to predict how much energy will be returned from solar panels as well as how much energy will be saved from using solar power instead of conventional electric sources.

Energy Trading and Risk Management software is a computer program platform used by companies in the energy industry to follow and deal with the energy market.

Energy Trading and Risk Management software is a computer program platform that’s used by companies in the energy industry to follow and deal with the energy market. An ETRM system helps companies to make quick calculations about their risks and rewards. It gives them an advantage over other companies who don’t have access to such sophisticated technology.

The best part about using ETRM is that it enables you to keep up-to-date on the latest trends in your industry so that you can outpace your competitors by reacting faster than they do, or even by anticipating their moves before they even make them!

This software is an automated platform that allows you to make very quick calculations about your risks and rewards, for the most part.

This software is an automated platform that allows you to make very quick calculations about your risks and rewards, for the most part. It’s a computer program platform used by companies in the energy industry to follow and deal with the energy market. The software allows users to calculate their trade positions and risk management strategies more quickly than ever before.

They are used by anyone who deals in volatile markets, including Wall Street firms.

The ETRM software is used by anyone who deals in volatile markets, including Wall Street firms. The software tracks the value of commodities on a daily basis and keeps track of market trends. It can also be used by investors to monitor the value of their commodity holdings, allowing them to make informed decisions about when to sell or buy.

The solar industry has taken advantage of this technology for years now since it allows them to better position themselves against other companies within the same industry. In particular, they use it so that they can better understand how much money they will earn from each project completed by their company without having any delays caused by human error during calculations which could lead someone down another path instead due simply because no one knew where else

Software for energy trading is also used for solar companies.

Energy trading and risk management software is used by solar companies as well. The software is helpful in calculating the best way to bring solar power into a new package, and then sell it to consumers or clients.

The analytics behind these programs help to predict how much energy will be returned from solar panels as well as how much energy will be saved from using solar power instead of conventional electric sources.

The analytics behind these programs help to predict how much energy will be returned from solar panels as well as how much energy will be saved from using solar power instead of conventional electric sources.

The energy trading and risk management software helps you determine if it is a good idea to invest in renewable resources such as wind, solar or hydroelectric generation. It also provides information on what type of incentives are available for making sustainability investments and how much they can save you on your electricity bill.

Companies, like Siemens Energy, are already using their ETM software to calculate the best ways to bring solar power into a new package and sell it to consumers or clients.

Companies, like Siemens Energy, are already using their ETM software to calculate the best ways to bring solar power into a new package and sell it to consumers or clients. This allows them to make quick calculations about their risks and rewards.

ETRM software is designed for companies that want to minimize their risk while maximizing returns on investment (ROI). It can help investors decide where they should invest money based on a number of factors including:

  • Cost of construction materials and labor
  • Location where the project will be built
  • Current weather conditions in that location

Many companies are making use of ETRM software to help them find better ways to tap into the power of our sun!

Many companies are making use of ETRM software to help them find better ways to tap into the power of our sun! Siemens Energy is using ETM software to calculate the best ways to bring solar power into a new package and sell it to consumers or clients. This can be done by using artificial intelligence, which is also referred as “machine learning.”

Through this, they have been able to develop algorithms that are capable of learning on their own without any human intervention. In other words, they don’t need any humans telling them what needs changing in order for them to do their job properly—they do it themselves through trial and error!

It’s these types of innovations that will continue drive us towards a more sustainable future where humankind doesn’t have such an impact on our planet’s resources anymore.

best etrm software

Many people working with energy commodities will either use an ETRM or be aware of this type of software. However, they may be less familiar with the newer software category of Commodity Management.

As ETRMs evolved over time and incorporated new features and functionality in response to their clients’ needs to support the entire physical supply chain, a new category of Commodity Management software developed. Commodity Management incorporates the functions of an ETRM, but does far more as well, and is beginning to leave legacy ETRM systems far behind in terms of both functionality and benefits for clients.

What is ETRM?

ETRM stands for Energy Trading and Risk Management, and is a type of software that supports the business processes needed to trade energy commodities. ETRM software helps companies manage volatile commodity prices across physical and financial contracts, including supporting deal capture and price management, risk reporting, valuation and regulatory reporting.

ETRM systems were originally designed to manage a somewhat limited range of financial risks, but have evolved over time to provide a wider variety of risk management and better data. The goal of a good modern ETRM is to become a source of data for better commercial decision-making.

ETRM and operational risk

However, despite the goal of ETRM systems to be a source of commercial decision-making and execution as well as risk monitoring, it has been difficult for most ETRM providers to keep up. Many organisations using legacy ETRM systems therefore found themselves managing part of their processes using generic tools such as spreadsheets, and only updating the ETRM after the fact.

This leaves businesses open to a wide range of risks. Accidentally overwriting formulas, changing the wrong cell value or using multiple versions of the same spreadsheet have all resulted in material losses for organisations managing their trading workflows in this way. And even when the spreadsheet is used with no mistakes, there is still the time taken out of busy traders’ and operators’ days to update the ETRM as well as carrying out the actual work, with all the attendant operational risk of copying information between systems.

Assuming that there are no errors in the spreadsheet and the data has been copied across to the ETRM correctly, there are still other risks to the business caused by this model. As the ETRM is being updated after actions have been taken, the data in it never reflects the actual live situation in the business. This means that risk management and commercial decisions must be made on incomplete data or pushed back until a report is completed – whether at the end of the day, week or even month-end to get a reasonable view of the situation. With the market for energy commodities becoming increasingly volatile and fast-moving, organisations have been demanding better from their software.

From ETRM to Commodity Management

As mentioned above, many ETRM vendors have been improving their systems in response to the market’s need for better management of the energy commodity supply chain, and even developing the newer Commodity Management software category as a result. Whilst good ETRM systems allow you to manage market and financial risks better than their legacy counterparts, Commodity Management also mitigates many of the causes of operational risk.

What is Commodity Management software?

Commodity Management software is designed to handle a much broader range of commodity trading, procurement, and processing workflows than an ETRM. Commodity Management particularly builds on features to support physical trading so that every aspect of contracts, logistics management and commodities processing is managed within the Commodity Management system.

For example, operators are able to manage all their logistics, including allocating stock to contracts and shipments, managing multimodal transport and inspections all within the system. They can even manage conversions between packaging types, blending or splitting lots and converting between weights and volumes, all within the same system that instantly updates trading and risk teams as things change.

Traders and risk managers also benefit from Commodity Management as they too can carry out every aspect of their role within the system. Traders can capture deals, work out the best pricing strategies and create contracts all in one place without the need to copy information or update risk reports. And because risk managers are using the system live too, traders can check credit lines and pre-approvals in real time without slowing their processes down.

Risk managers also benefit from the shared live information as it allows them to adapt to situational changes throughout the day. A Commodity Management system gives risk managers the information they need for accurate hedging at all times so that they can ensure the business is both protected from risk and as profitable as possible.

Commodity Management software is not only an advantage for trading firms; it can also be a real advantage to power generators and their fuel procurement teams. The contract and logistics management features can usually create integrated data flows to an ERP, or even be added on to an existing ETRM. They make it easier and faster for teams to manage inbound fuel shipments and storage, control and record sustainability data including lifecycle carbon dioxide emissions, and, for areas such as biomass procurement, manage inspections, assays and burn rates for each shipment for more efficient boiler management processes.

The benefits of Commodity Management

By integrating logistics management, trading, risk and compliance, Commodity Management software provides benefits to each of these teams, and wider benefits across the organisation too. No matter your supply chain position, improvements in traceability, compliance, and business agility are just some of the results you can expect to achieve.

And because good Commodity Management systems are usually hosted in the Cloud, you also gain all the benefits of cloud technology. These benefits typically include greater flexibility and the ability to customise your solution so that it fits your own workflows, faster development and implementation, and better access to data, anywhere and on any device.

Ultimately, the purpose of Commodity Management is to generate the benefits that businesses have been lacking from traditional ETRM systems. Because all processes are carried out within the one system and data is shared across your organisation instantly, a Commodity Management system can provide the single source of data necessary to power effective decision-making across your business.

energy trading companies

Since the inception of Redstone Commodity Search, we have been investing in the resources of our energy team. As a commodities recruitment consultancy, we focus on both developed and emerging markets, giving us an edge in providing headhunting services to global energy businesses. Our research team is well versed in competitor analysis allowing Redstone Commodity Search to search and select the best global talent available.

What is Energy Trading?

In today’s world, our lives are completely dependent on an uninterrupted supply of energy for both living and working. It provides us with heat and electricity, fuels transportation, and powers industry. It propels innovation and allows humankind to progress as a society. The incessantly growing demand for energy, however, means global energy supplies have become a scarce commodity. Coupled with the fact that there are very few countries who can cover their energy needs from their own sources, energy trading has escalated significantly in importance globally.

Physical Energy Trading

Similar to other commodities, virtually anything can be traded where a sufficient supply and demand exists. The most traded energy commodities are crude oil and its derivatives, gas, coal, power, and petrochemicals.

Crude oil, gas and coal are all fossil fuels which can be extracted from the earth. They are formed from the remains of dead organisms, both plant and animal, which have been subjected to heat and pressure over millions of years.

Crude oil can be refined into different distillate groups which ultimately all serve different purposes: light distillates (LPG, gasoline, naphtha); heavy distillates (kerosene, jet fuel, diesel, gasoil); heavy distillates (heavy fuel oil/bunker fuel); residuum (wax, bitumen, lubricating oils). Oil traders tend to specialise in a specific group of oil products however some do trade ‘across the barrel’ meaning they have a multi-product oil focus. Countries in the Middle East and Russia are key players in oil trading, producing the largest share of world production (read more about oil trading).

Natural gas is extracted from the deposit, purified and piped to customers. When it is not possible to transport through pipelines, it can be converted into a liquid state (LNG), shipped and then returned to its gaseous state on reaching the final destination. In Europe gas traders may operate within or across the NBP (National Balancing Point, UK); the TTF (Title Transfer Facility, Netherlands); the CEGH (Central European Gas Hub, Austria); the Zeebrugge Hub (Belgium); NCG (Net Connect Germany); PEG (Point d’Échange de Gaz Nord/Sud, France) or CEE (Central and Eastern European) hubs. In the United States, the main gas trading hub is Henry Hub, Louisiana.

Coal is the most abundant and affordable energy fuel. Thermal coal, also known as steam coal, is the type of coal used to run turbines and generate electricity. It is actively mined in approximately 50 countries with China, the USA and India producing the most. The global coal trading market is effectively divided into two regional markets, the Atlantic and Pacific regional markets due to high transportation costs.

Power – or electricity – is the form of energy most people interact with the most with it playing an essential role in our daily lives. It stands apart from the other energy commodities in that it needs to be produced as it is consumed, meaning there are people constantly working to balance supply and demand. Power trading happens on a ‘day ahead’ or intraday/real time basis to make sure demand is met in accordance with predicted or real time data. Power traders play an instrumental role in making sure utility companies can secure a dependable supply of energy at a stable price.

Derived from petroleum or natural gas, petrochemicals play an essential role in the chemical industry. They are present in a plethora of ways in our daily lives, from household goods and electronics to medicines and automotive parts. While the final consumer never sees them, they ultimately become a part of many products we interact with on a daily basis. Petrochemical traders tend to trade petrochemicals in addition to other oil derivatives and products. Petrochemical production is affected by feedstock markets so much petrochemical trading occurs in financial markets to hedge exposure against feedstock prices.

Derivatives Trading

Energy can be traded on the financial market in the form of energy derivatives. Energy derivatives are contracts based on an underlying physical asset such as crude oil, power, natural gas etc. The contracts can be in the form of futures, options, and over-the-counter (OTC) derivatives such as forwards, swaps, options, and swaptions. They can be traded on exchanges like the New York Mercantile Exchange (NYMEX), the Intercontinental Exchange (ICE) and the Tokyo Commodity Exchange (TOCOM).

best trading software for swing traders

Swing trading is a style of trading where the trader tries to benefit from medium-term price moves. Such moves last from a few days to a few weeks, so swing traders often hold their trades within that time range. But how do swing traders access the markets; what top trading platforms do they use?

In swing trading, analysis is done on the daily timeframe, so trading is pretty much slower than it is in day trading where price data are printed every hour, 15 minutes, or 5 minutes. The implication is that when considering the best trading platform for swing trading, execution speed — though quite important — is not of the most essence.

As one would expect, much of a swing trader’s job is about interpreting the data on a screen to make trading decisions and managing open positions. So, a swing trading platform should have the necessary tools for handling such tasks. Interestingly, most modern brokerage firms offer trading platforms to their clients when they open an account. But before we go into the top best swing trading platforms for swing traders, let’s understand a trading platform is.

What is a trading platform?

A trading platform is a desktop application, a web terminal, or a mobile app that traders use to perform all the tasks associated with trading, such as opening, closing, and managing market positions. It is what connects a trader’s orders through their broker to the marketplace where the orders are fulfilled.

Some trading platforms, such as TradingView and MetaStock, exist on their own and work across different online brokers, while other trading platforms are created by specific online brokers for their own clients alone. A trading platform may also be specifically tailored to a specific market, such as the stock, forex, futures, or options markets.

Whether a trading platform is unique to a particular broker or works across different brokers, they are often offered by brokers for free or at a discount rate if the trader maintains a funded account and/or makes a specified number of trades per month. Most times, trading platforms will come bundled with other features, such as real-time quotes, charting tools, news feeds, and even premium research.

Depending on their trading style and volume, traders use a variety of different trading platforms. Trading platforms can be grouped into commercial platforms and prop platforms. Commercial platforms, as the name implies, are targeted at external clients — both institutional traders and retail traders/investors. Such platforms are characterized by ease-of-use and an assortment of helpful features, such as news feeds and charts, for investor education and research. On the other hand, prop platforms are customized platforms developed by large brokerages to suit their specific requirements and trading style, as they use them for their own trading.

How to know the top best swing trading platform

When comparing different trading platforms, you should consider both the fees involved and the available features. The thing is, the best trading platforms offer a mix of robust features and low fees. You also need to consider connectivity and speed.

The features and tools

Different trading platforms come with different built-in tools and features, such as real-time quotes, charting tools, stock screening tools, one-click trading, news feeds, and even premium research. Unfortunately, it is quite rare to see a platform that has all features that are suitable for all trading strategies and styles. Hence, it is necessary to consider whether a trading platform has the tools and features that suit your trading preferences when deciding the one to use.

The fees

Another important consideration is the cost of using the trading platform. Of course, lower fees are always preferable, but you must consider the features too. Low fees may not be advantageous if they translate to fewer features and informational research. However, some brokers offer their trading platforms for free or at a discount when you trade with a certain amount.

Connectivity and speed

As we said earlier, swing trading is more of a slower approach to the market, unlike day trading which is fast paced, so the speed of execution may not be that important. Nevertheless, you certainly want good connection speed and consistency in trade executions. You don’t want to lose connection to your broker when you want to place an order or adjust your position.

The top best swing trading platforms

While there really isn’t a single best trading platform for swing trading, the following 15 platforms are popular among stock swing traders:

1. TradeStation

TradeStation is a top-notch trading platform, and definitely one of the best platforms for serious traders seeking a truly professional-level swing trading experience. As a matter of fact, TradeStation, at one time, was only serving professional brokers and money managers, but the firm now serves retail traders too.

The TradeStation brand is operated by TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc., which are wholly owned subsidiaries of TradeStation Group, Inc. The firm enables retail traders registered with their brokerage service to trade stocks and ETFs commission-free while providing many helpful trading tools. Traders can also access the options, futures, and cryptocurrency markets.

Though the firm is offering brokerage services, the trading platform is available to traders who don’t have an account with the firm. Whether you trade stocks, ETFs, options, or futures, the award-winning TradeStation platform is a platform of choice as it delivers the power, speed, and flexibility required for active trading.

TradeStation’s plans start at just $99 per month and can be seamlessly integrated with your broker of choice. You get access to many tools and build a solid trading plan with TradeStation Analytics.

2. Thinkorswim

Thinkoswim is a highly rated trading platform that is suitable for swing trading. The platform is owned and operated by TD Ameritrade, a very popular online discount broker. The platform is available as a desktop application (thinkorswim Desktop) for Windows and Mac computers, a web trading terminal (thinkorswim Web), and a mobile trading app (thinkorswim Mobile) for Android and iOS devices.

The platform offers every tool and service you need for a successful stock market experience. It gives the users access to third-party research, news streaming through Yahoo! Finance, real-time quotes, social sentiment analysis, and planning tools. Thinkorswim also offers access to advanced features, such as the thinkManual, market scans, and tutorials.

With thinkorswim Desktop, you get access to elite-level trading tools and a platform backed by insights, education, and a dedicated trade desk. The platform is fully customizable, allowing you to implement the most complex strategies and techniques for a better trading experience.

3. TradingView

TradingView is a very popular trading platform and social network for traders and investors for stock, futures, and forex market trading. It is available as a web platform that can be accessed directly from the web via any of the modern web browsers, such as Safari, Chrome, Firefox, Microsoft Edge, and Opera, but there is also a mobile trading app for Android and iOS devices.

The platform is well equipped with the necessary tools. In fact, when it comes to market analysis, TradingView is one of the most advanced stock trading platforms available. It provides you with more than 100 technical indicators plus over 5,000 custom-built indicators, and using the platform’s programming language, you can develop your own strategies and signals and can even publish your trading ideas in the community.

Another bonus of TradingView is that it built-in stock screener for screening stocks. It provides fundamental data on companies and also analyzes and compares domestic and global economic data. Traders enjoy the social network of traders provided in TradingView. There are chat forums where individual traders can easily share their analyses with others.

4. NinjaTrader

NinjaTrader is an online trading platform and a futures brokerage service that was founded in 2003. The NinjaTrader platform is available free of charge to traders who have funded accounts with the broker. It offers superior tools for charting, market analysis, and live trading.

There is a SIM version that is available free of charge to people without a funded account with the broker. But for people who don’t have a funded account to access the premium features on the platform, such as backtesting, advanced order types, and automated trading, they will need to either pay $60/month subscription fees or a one-time payment of $1,099 to buy it.

With lots of technical analysis tools, the NinjaTrader platform is great for active traders who love to do thorough chart analysis. Some of the features of the platform include excellent charting, real-time analysis, customizable technical indicators, Chart Trader (a chart-based order entry tool), and thousands of apps and add-ons from 3rd-party developers. Their brokerage service is mainly focused on futures and forex markets, but they partnered with Interactive Brokers and TD Ameritrade to give traders access to other markets, including options on futures, CFDs, and equities.

5. Merrill Edge

Merrill Edge is a stock trading platform developed by the Bank of America for its brokerage services. The platform is best suited for those who have a significant relationship with Ban of America so that they can take advantage of the premium rewards, which include discounts on mortgage origination and auto loan interest rates, free ATM transactions, and increased interest rates on uninvested cash.

The Merrill Edge platform is suitable for beginning and intermediate-level traders and investors. As an online brokerage platform, Merrill Edge competes offers a robust and comprehensive platform that can serve traders or investors. It has a good set of portfolio analysis tools and excellent proprietary and third-party research. With the platform’s integration with the Bank of America, BofA customers stand to benefit the most with it.

Here is further reading that might be of interest.

MetaStock is one of the most commonly-used stock trading platforms among traders. The platform has over 300 technical indicators, integrated news, and built-in graphical tools for technical analysis. It also has fundamental data that you can use to screen and filter stocks, which makes it easy to find exactly what you’re looking for without having to sift through so many stocks.

The platform is not only about stocks; it also covers many types of assets across global markets. In addition to stocks, you also trade forex, commodities, derivatives, futures. There are different subscription packages. Traders can choose between the MetaStock Daily Charts Subscription or the MetaStock Real Time packages. The two different packages suit different traders. The MetaStock Real Time packages may suit day traders more, but both options give swing traders access stock charting software.

7. Yewno|Edge

Yewno|Edge is an AI-driven platform that aggregates both fundamental and alternative data so that traders only receive applicable analyses and information. The platform is well-known for its ability to minimize the amount of information that’s typically thrown at traders to the most important information for making trading decisions. So, with this stock trading platform, you’ll spend less time going through so much data to analyze the market and more time trading and earning.

The platform offers other benefits. For example, it possesses the ability to evaluate a company’s exposure to things like autonomous vehicles and data privacy and can design strategies based on those concepts. Traders who use this stock trading platform can also set up personalized notifications and perform more in-depth research that breaches the surface level of the reports from companies.

8. Charles Schwab

Charles Schwab is an online discount broker that offers their proprietary platform to traders that have accounts with them. They cater to traders all types of traders, and beginner traders will specifically enjoy their $0 minimum account deposit requirement. The company also offers $0 commission for stocks, options, and exchange-traded funds, which will appeal to active traders.

One of Schwab’s high marks is its research offerings, a large selection of no-transaction-fee mutual funds, sophisticated tools, and trading platforms. There are two platforms with no minimum or fees, extensive research, and an above-average mobile app. With Schwab, you have access to large fund selection and commission-free stock, options, and ETF trades.

The platform is suitable for beginner investors, advanced active traders, investors seeking commission-free trades, and those seeking no-minimum index funds and premium stock research. Trading with Schwab means getting the innovative tools, premium insights, robust education, and dedicated specialist support of Schwab Trading Services — all of which help give you what you need to make informed and timely trading decisions. Interestingly, all these come with no trade minimums or platform fees.

9. Fidelity

The Fidelity trading platform is a proprietary platform provided by the online discount broker, Fidelity, to its customers for trading stocks, ETFs, index funds, and options. The broker is one of the best-rounded brokerages available today, with no commissions on stock, ETF, or options trades and a selection of no-expense-ratio index funds. It has continued to improve key features of its mobile-responsive web platform while lowering the cost of trading for its clients.

Fidelity cut down commissions to zero in October 2019 but continues to offer top-quality research and education offerings to its clients. The platform can serve active traders, including swing traders, while the brokerage firm also makes it easy for clients to earn interest by sweeping uninvested cash into a money market fund.

The brokerage also shares the revenue it generates from its stock loan program. Trade execution is excellent, with over 96% of orders for Fidelity customers are executed at a price better than the national best bid or offer. The Fidelity platform offers a wealth of research and extensive pre-set and customizable asset screeners.

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