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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.

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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.

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Counting Down to ComRisk 2018

London’s calling. Again. Sameer and I are heading over to England for ComRisk 2018 at the end of the month. This is Molecule’s second year to attend and sponsor, and we’re excited to be back!

Commodities People organizes a series of events that are fantastic, educational, and networking opportunities for people working in commodities trading and risk.

You’ll have two opportunities to hear from Sameer at the event:

A panel discussion on the first day: CTRM technology – Adapting to a changing trading environment
Synopsis:

  • System implementation project management: Who is involved
  • Establishing clear objectives: What do you expect from the system? What sort of timelines are you looking at?
  • Critical steps of development, whether in-house or off-shelf products
  • Integration with the existing systems: Challenges
  • Examples of successful implementations: What were the key success factors?

A workshop on the third day: Market risk: Best practices

  • Evaluating Market Risk
    • What ingredients do you need?
    • What does it take to assemble those ingredients?
    • What does your company look like, when those ingredients are assembled?
  • Risk Metrics
    • What do people ask for?
    • What's trendy?
    • What are people actually using, and how?
  • How do people use a VaR?

We’re also always up for grabbing a bite and/or a pint, so let us know if you want to catch up. Email me at sales@molecule.io to set up a time to meet. Look forward to seeing you there!

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3 Things I Learned at ComRisk

I just got back from ComRisk 2017 in London. This is the first time we've taken out a sponsorship at a conference, and so I wasn't sure what to expect. At best, I thought I'd run into a vendor-driven, salesy conference where consultants spoke in generalities about risk.

Turns out, I was wrong. Almost everyone I talked to was genuinely interested in risk for commodities trading. Many attendees were risk managers. Most were pleasantly surprised that a conference existed just for them; the content was not as hand-wavey as they had feared. All seemed pretty stoked about the conference.

In short, I was a geek in a geeky paradise in the middle of London. Here are some things I learned:

  • SPAN is the bane of everyone's existence. There was a dude from the LME talking about how they calculate risk using SPAN (and how it differs from VaR calculations), and some very confused risk managers trying to figure out the particular way in which they hated it so much.

  • Nobody uses a single ETRM/CTRM for all their deals. I figured this would be the case by now, as you'd think most systems provide good functionality across asset classes. I guessed wrong.

  • The EEX is apparently where all the kids are trading these days. Why I didn't know this, I have no idea.

Also, I was particularly delighted by this:

ComRisk Smoothies

I had the OJ. That is all.

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