Happy Holidays 🎉 & Molecule Updates

It’s the end of 2020 (finally), and at Molecule, we’re super proud of our product, team, and the damage we’ve done to the ETRM industry (#1 in cloud ETRM – w00t!).

Here are a few highlights of what we’ve done to our product this year:

Valuations Screen / Quickview

Tired of downloading spreadsheets to diagnose an issue? We were! We built a shiny new screen called Valuations to handle that. On Valuations, you can access all the data available on our Valuations API (i.e., via spreadsheet), and make saved, customized, pivotable views of your portfolio. Want to learn more, or get a preview? NOTE: You must have the “Positions” screen privilege in Molecule, to get access.

Valuations

For quick access to how a single trade has valued over time, you can now: 1) right-click on a trade on the new Trades screen, or 2) click “Show Valuations” while in the Trade Edit view. You can even download the data, to diagnose further. Easy!

Quick Access Valuations

2. More Secure Sign-On

Security is paramount at Molecule, and to that end we rolled out options for two-factor authentication (via a rotating code on users’ phones) and SAML login. This is a huge deal and we highly recommend at least turning on two-factor for your organization (at no extra cost).

SAML login is even better (as it connects to your organization’s single sign-on system), and is available on our Enterprise plan.

3. Physical Power Enhancements (Elektra)

An increasing percentage of our customers trade physical power – so we’ve made lots of enhancements to make your lives easier. We rolled out better hourly (even 1-minute) power support – so trades, market data, and positions can all share the same product codes and be grouped appropriately. Nearly all power customers have been moved over to this scheme.

We also announced that we’ll provide LMPs (and settled blocks) to physical power customers automatically in Molecule – to eliminate the mapping and data-wrangling exercise (and maintenance) otherwise needed to settle power trades. The first version of this is scheduled to roll out in January and we plan to gradually replace LMPs from all other sources (except those uploaded by users) in early 2021.

Our physical power improvements come under the new Elektra package and we hope to have much more to share on this next year.

4. Actualization

We saw a significant increase in physical non-power trading on our platform in 2020. To help with that, we rolled out a new, consolidated Actualization screen. It’s fast and easy and we are continuing to add new features to it based on feedback from customers.

Consolidated Actualization Screen

We have lots more features planned for next year, related to physical trading. These include contract management, limits, and GL account management. Please keep your eyes peeled!

5. P&Sing

Finally, in 2020 we rolled out a super-nerdy feature that, if you can get past its name, is super-important. For companies who trade on exchanges, we now support same-day + FIFO – based P&Sing.

What does this mean? It means that, if you’d like, we can flip a switch and close out exchange positions as they’re closed at your bank. Which, in turn, means, you can get a better breakdown of exchange-based realized and unrealized P&L. This can also dramatically reduce the number of lines on your valuation/P&L reports if your company does a lot of exchange trading.

We drop new features all the time, and we made lots of other important improvements to Molecule this year as well, including finalizing the new Trades screen (old one being retired in Q1), support for bilateral strips, support for several new FCMs, improved decay functionality (for intramonth/balmo valuations), and improved settlements functionality (so you can now mark and settle vs different products).

Thanks so much for being interested in our company, and/or using our product. We ❤️️ you, and we can’t wait to share many more new improvements with you in 2021!

SoftwareFeatures

Meet Elektra, Our New Power Markets Package

With dozens of instruments and shapes across 1000s of North American modes, power is one of the most gloriously complex markets for traders.

Molecule was born in power, and we're preparing to take our next step in modernizing power trading.

In 2021, we are introducing Elektra - a brand new power markets package.

As an add-on to Molecule, Elektra will help power producers and traders manage their complex portfolio of generation, fuel, and everything in between.

Elektra will offer ISO connectivity and a panoply of power-specific block conversions.

Stacking that on top of automated position and P&L in a cloud-based ETRM/CTRM platform built with great design as a core tenet, truly separates us from the competition.

Power traders require near real-time data as they hedge positions in both the real-time and day-ahead markets. So, we've partnered with NRGSTREAM to automatically pull power prices into Elektra.

It's the first time this has been done in the energy trading space, and will make our customers' lives even easier as we continue transitioning to the most important energy source for the 2020s.

We can't wait to demo Elektra to you and your team.

Election Day 2020: A Molecule Holiday

In case you don't know by now, at Molecule we care a lot about American democracy.

The last few years have especially highlighted how important it is, and how little attention we have paid recently to nurturing our democracy. It's time for that to change and it starts by encouraging people to vote.

That starts with us. This year, we added a permanent holiday to our company calendar: Election Day (US). This year, that's Tuesday, November 3.

We encourage Molecules to vote (that day, or before; by mail or in person) and follow the election. If we're lucky, it'll be boring – like so many other amazing things (incremental scientific progress, evolution, and a functioning society), and we can enjoy a day to celebrate our democracy.

Our support team will be available for critical issues, as always. We'll resume regular business hours on Wednesday, November 4.

200 = SUCCESS

We have rolled out our two-hundredth (200th!) software release to all Molecule customers. Huzzah!

You're probably familiar with the "500 error page" on webpages that aren't working. What you might not know is that there are many more http codes--and one that starts with a 2, means that all is right with the world.

Source

As we look back on where we came from – from, literally, a PowerPoint presentation in a conference room on Montrose in 2012, to what CTRMCenter calls "widely known" in the industry, we can be nothing but proud of what we've built. We are committed to building our customers the best ETRM/CTRM system on the planet, and doing so with amazing usability, the latest technology, and frequent, free updates.

I am so incredibly proud of the amazing team that has made this, and the past two hundred releases of our software. When we founded Molecule, it was an idea based on the premise that enterprise software should be just as awesome to use as the apps on our phones. We also believed that this market segment was long overdue for 21st century technology. We were right, in more ways than we knew.

Thank you to everyone who has supported us along this journey. We look forward to release 300 in a couple of years. Our software will be so different (and even better) then–and we intend to celebrate appropriately, with Spartan-themed evening wear. (kidding!)

Here's a little preview of what's new in Molecule v200.

User-Customizable Reporting

Think Positions screen on steroids. Our new beta Valuations screen gives non-technical users access to the power of Molecule's open APIs - enabling them to sort, filter, pivot, and create multiple custom views that can be saved and refreshed throughout the day. This new feature will be available to existing customers at no additional cost.

Actualizations, Part Deux

Our new Actualization screen will make actualizing multiple physical deliveries of products much easier than was previously possible. This new feature will also be available at no additional cost.

Even Better Login, powered by Auth0

Molecule now supports two-factor authentication for all customers, as well as SAML-based Single Sign-on for Enterprise customers, at no additional cost. In the background is a giant set of security upgrades powered by Auth0, which helps Molecule stay at the cutting edge of cloud software security.

SoftwareEventsFeatures

Make Them Hear You

I’ve been thinking about what to add to the flood of voices we’ve heard about racism and, more specifically, police brutality and the murder of George Floyd. I want to remind our employees, our customers, our partners, and our friends in the industry, that Molecule values justice, and that we stand with America (our country and its people).

There’s really nothing I can say that’s not brutally obvious:

  • America’s original sin was slavery.
  • Many of racism’s roots were there.
  • The Civil War largely killed slavery, but not racism.
  • The Civil Rights Act didn’t kill racism.
  • Pretending color didn’t matter, as my generation did (with the best of intentions), didn’t kill racism.
  • Electing a Black president didn’t kill racism.
  • We have to kill racism in our hearts, in our subconscious minds, in our living rooms, in our families, in private and in public.

We have, apparently, a fair number of ill-trained and/or racist people who hold the power of life and death in their hands, and who are charged with keeping us safe. But instead, they get away with murder — over, and over again. Something is badly broken in America's police forces. It has been 28 years since Rodney King’s beating, and the subsequent riots, opened my eyes to police brutality. From everything I read, we’ve shuffled the chairs around a bit — but in some places, we haven’t changed a whole lot.

There’s a lot — a lot we need to do as a society, to fix this. Justin Amash’s “Ending Qualified Immunity Act”, on its surface, seems to be a great start. Nobody should be above the law; especially laws related to murder. There’s also lots more we can do, from a policy perspective:

  • Making sure to train police and first responders better, so they're less likely to shoot to kill (helping avoid cases like Botham Shem Jean), and so they're better at de-escalation.
  • Paying police, teachers, and our other public servants generously (not minimally, or simply adequately) — so we can get the best, most qualified individuals to do these critical jobs.
  • Making sure we understand that slavery in America lasted 200 years, and was followed by another 100 years of written-into-law racism that ended only 56 years ago. It’s not even close to the time when we can stop paying attention via policies like affirmative action.

But the most important thing we can do, as private citizens, is to speak. Speak to our racist uncles at the Thanksgiving table. Speak to our friends who joke about racist things. Speak to our coworkers and employees about what racism means to you. Speak to the person who wonders if maybe George Floyd encouraged his own death in some way. Speak. Without violence, but loudly — like our common heroes: MLK, Gandhi, and Nelson Mandela. As E.L. Doctorow and Stephen Flaherty’s fictional character Coalhouse Walker sang in his dying minutes: “Make them hear you.”

Make them f@#%ing hear you, America. Make them hear you.

ValuesPeople