Commodity Trading and Risk Management Software

iRely’s i21 Commodity Trading and Risk Management (CTRM) software was designed to be flexible to accommodate a trading company’s style and unique customer needs.

Trading

Contract management

Stay on top of your contracts with our commodity trading and risk management module. Configure alerts such as price fixation, shipment/delivery status, and quality status to ensure you’re meeting customer obligations. i21 makes it easy to enter contracts and helping ensure that your position is always up-to-date. Use the flexible contract inquiry to identify sales opportunities.

Worldwide flexibility

iRely’s commodity trading and risk management is unparalleled in giving traders the flexibility they need to succeed in today’s world. i21 handles multi-commodities, multi-companies, multi-currencies, and multi-languages that can all be configured across your organization or by user/company.

Position management

i21’s CTRM offers powerful tools to ensure you can understand and actively manage your position at any point in time. i21 offers customized views so individual traders can focus on only the products or counterparties they are responsible for, increasing their efficiency. Reserve inventory while awaiting customer sample approvals or buying decisions to avoid a duplicate sale of the same parcel. Monitor price to be fixed position to ensure responsible parties are locking in prices within contractual parameters, avoiding futures liquidity traps and unwanted risk.

Futures and options

The i21 CTRM module gives you unique visibility to manage risk and track your position through appropriate futures or delta-equivalent options hedging. Upload settlement prices to facilitate mark to market and brokerage statement confirmation. Analyze realized and unrealized profitability over user-defined time periods to avoid month-end profitability surprises. Record GTC orders with reminders when market breaches order levels.

Operations

Logistics

i21 manages multi-model logistics. It enables you to generate the required documents while simultaneously updating the status of each parcel including shipping instructions, shipping advice, release order and more. i21 tracks multiple shipments against each contract. Verify shipped weights and automate the claims process.

Inventory management

Real-time and flexible views of inventory make it easy to understand your position so you can focus on leveraging opportunities, selling aggressively, and making money. Drill down to the lot level as needed to support both sales and financial detail requirements.

Quality management

For trading businesses that are sample driven, commodity trading and risk management can manage the endless flow of specimens. Automate the tracking of all outgoing samples and follow-up with i21. Ensure delivery and invoicing is not delayed and new sales can be executed promptly against offers. Check nearby deals to make sure required samples have been sent, avoiding costly delays for you and your customer. Document quality results for future reference and to support price adjustments when needed.

Accounting

Perform essential accounting functions with i21 and use our proprietary iProcess middleware to link transactions to your accounting system. i21 allows you to issue accurate invoices to customers consistent with the contract, fixation, and delivery parameters. Record costs against contracts to manage actual versus budget and to monitor contract profitability. Issue debit notes for weight claims.

Audit trail

i21 includes an audit log that provides an easy way to oversee the organization and manage by exception. It logs all transactions and actions impacting inventory, including the end of shift data, making this information available on demand. 

The audit trail provides control over recipe release and identifies precise components of any product produced on any day. Flexible reporting of production results, inventory, quality and more. Having a fully detailed Audit Trail for Commodity Trading and Risk Management is critical to the success of any organization.

Management Oversight

Risk management

i21 gives you the ability to view market exposure in real time and tackle counterparty risk as well. See the risk position on a single report with drill-down capability to the contract level.

Mark to market

i21 CTRM allows you to apply mark to market on physical contracts. Mark allocated contracts to each other or to the market. i21 gives you the flexibility to override market values when appropriate for specific contracts. Quickly monitor your mark to market on a daily basis.

Profitability

Accurately monitor your profitability by contract. i21 accounts for all costs including those relating to shipment and delivery. At a time when lines of credit are a scarce resource, i21 will help to ensure that you have the visibility to use them for your most profitable business.

Reporting

The commodity trading and risk management module in i21 gives you the reporting capabilities you need to stay on top of your organization. It also allows you to export data into pivot tables and manipulate that information any way you see fit. Additionally, for those with more advanced technological skills, i21 provides for flexible ‘Grid’ reporting using SQL queries.

Request a demo

Do you want to learn more about iRely’s commodity trading & risk management solution? Contact us now for a free demo.