Molecule Software provides cloud-based solutions for energy and commodity trading, focusing on Energy Trading and Risk Management (ETRM) and Commodity Trading and Risk Management (CTRM). Its main product is a platform that automates the calculation of profit and loss (P&L), positions, and risk, which helps clients manage their trading activities more efficiently. The platform serves a variety of clients, including hedge funds, proprietary trading funds, and renewables trading firms, by consolidating complex deals and managing electronic trades. Molecule Software operates on a subscription model, offering different packages tailored to the needs of various trading firms. What sets Molecule Software apart from competitors is its emphasis on user experience and visual design, ensuring that the software is both functional and appealing. The company's goal is to enhance the efficiency and effectiveness of trading and risk management in the energy and commodity markets.

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As a New Data-Lake-as-a-Service Add-on to Molecule's Modern ETRM/CTRM Platform, Bigbang Ignites Deeper Data Insights for Energy and Commodity Traders.HOUSTON, Sept. 7, 2023 /PRNewswire/ -- Molecule Software, the leader in modern cloud-based trading and risk management software for energy and commodities, announced the launch of Bigbang. Bigbang is a new data-lake-as-a-service platform that allows ETRM/CTRM users to automatically import trade data from Molecule and merge it with a variety of sources to query, analyze, and extract meaningful insights quickly and easily.Bigbang: Data-Lake-As-A Service for Energy and Commodities Trading from MoleculeEnergy and commodities markets have been undergoing a seismic shift, driven by two key factors: increasing price volatility across all commodities and a global energy transition stemming from the challenges of climate change. Given these market trends, near real-time data access and advanced trading analytics are essential for effective portfolio risk management.As a value-add to Molecule, the Bigbang data lake platform empowers risk managers, quantitative analysts, and anyone who needs direct access to data in Molecule to perform complex queries on time-series data.The market value of data lakes is growing, and its growth is outpacing that of data warehouses, which is the closest alternative product category. According to Commodities Peoples' 2023 Commodity Trading Annual Industry Report, 56 percent of companies surveyed identify risk and valuations as a main area where they intend to adopt data science.Data lakes allow companies to access and analyze data faster. The difference in technical architecture also results in lower costs to the data-consuming company."We're seeing a growing need in the energy and commodities trading space for a turnkey data lake, as indicated by our own customers

Molecule Launches Bigbang, A New Data Lake Platform For Energy And Commodity Trading Organizations

Jay joined the Molecule team back in 2014, making him one of its first employees, and he hasn’t looked back since.

Inside Molecule: Meet Jay | Molecule ETRM/CTRM

In 2021, Molecule partnered with cQuant.io to deliver advanced analytics for its customers’ asset and trade data.

The Future of Data Analytics in Energy Trading with cQuant.io's David Leevan

In the past 18 months, Molecule has earned both SOC-1 and SOC-2 certifications and launched new products for customers trading power and renewables.

Chartis Research Names Molecule as a Rising Star in RiskTech100 and Category Leader in CTRM Study | National | whatsuppub.com

Last December, Molecule Software, Inc. released its Inventory feature, which takes volumes from settled physical deals, increments/decrements stored amounts, and calculates weighted average prices.

Molecule Software, Inc. launched Inventory feature on Dec 1st 21'.

Molecule, the leading cloud-native ETRM/CTRM system, today announces Djinn — its enterprise offering for crypto.

Molecule launched Djinn — enterprise offering for crypto on Nov 30th 21'.

Molecule, a Houston, TX-based SaaS cloud-native ETRM/CTRM platform provider, closed a $12m Series A funding. Backers included Mercury. The company will use the new capital to further build out its Elektra offering for physical and financial power and launch offerings to manage renewables credits and back-office ETRM functionality. Led by Sameer Soleja, founder and CEO, Molecule […]

Molecule Closes $12M Series A Funding

Their first-ever ETRM/CTRM Transformation + Modernization Report analyzes the factors impacting risk operations within trading organizations, showing that 90 percent of survey respondents are prioritizing modernizationHOUSTON, July 31, 2024 /PRNewswire/ -- Molecule Software, the leader in modern, cloud-native energy and commodity trading and risk management software (ETRM/CTRM), today released its first-ever ETRM/CTRM Transformation + Modernization Report. The report explores modernization's impacts and challenges, what it means for energy and commodity trading companies, and how these changes will impact the market to come.Molecule's Their first-ever ETRM/CTRM Transformation + Modernization Report analyzes the factors impacting risk operations within trading organizations and explores modernization's impacts and challenges.The report analyzes data from a survey the company conducted earlier this year. Over 200 market participants responded to the survey, representing trading companies, energy and commodity producers, large-scale energy and commodity consumers, utilities, and more across a spectrum of revenue bands.Amongst the report's findings, 90 percent of respondents say they're either planning a modernization initiative or have one currently underway.Additionally, over 60 percent of respondents indicate market volatility as the top factor driving the need for modernization."The last few years have brought about a tsunami of change impacting how trading organizations operate and generate revenue," said Kari Foster, Vice President of Marketing at Molecule. "Everything from the energy transition and industry consolidation to digital transformation and advanced technologies, like AI (artificial intelligence), are naturally driving companies to reevaluate their existing tech."That's why we conducted this survey: to understand the extent to which these factors were impacting risk management and if ETRM/CTRM software is rising to evolving needs," she continued.The report also examines the role of ETRM/CTRM software, which is also changing rapidly to support how companies trade today and in the future. The prevailing theme is that speed and adaptability are top priorities.According to respondents:Agility is their top risk management priority.70 percent transitioned to an ETRM/CTRM system to replace spreadsheets or an outdated system.However, 80 percent feel their current system doesn't support all necessary business processes or is too slow."What people really need out of an ETRM/CTRM is indeed changing: from an all-encompassing ERP-style monolith to focused software that provides better plumbing, better speed and usability, and direct access to data," said Sameer Soleja, founder and CEO of Molecule."Today's generation of new hires expects something different out of their systems with regard to access, and this survey speaks to this."Molecule's ETRM/CTRM Transformation + Modernization Report is available to view and download on their website here.About MoleculeMolecule is modern, reliable energy and commodities trading risk management software - built in the cloud with an intuitive, easy-to-use experience at its core. Molecule's ETRM/CTRM platform is built for energy and commodity traders, risk managers, and operations teams at hedge funds, IPPs, producers, and world-scale energy and PE firms – in power, gas, crude, refined products, renewables, chemicals, agricultural products, fuel, and cryptocurrencies

New Report From Molecule Highlights Need For Modernizing Trade Risk Operations

WGL Energy Services chooses Molecule for modern ETRM capabilities designed for today's energy trading marketplace.HOUSTON, Sept. 27, 2023 /PRNewswire/ -- Molecule Software, the leader in modern cloud-based trading and risk management software for energy and commodities, announced that they were selected by WGL Energy Services (WGL Energy), as the retail energy supplier's energy trading risk management (ETRM) platform.WGL Energy is a leader in competitive energy supply and environmentally-friendly energy offerings in the Mid-Atlantic for residential, government, commercial, and industrial customers.WGL Energy selects Molecule's ETRM/CTRM platformAs a retail electric provider, WGL Energy relies on an ETRM system to manage wholesale hedging for physical and financial gas and power trades, exchange power and gas, FTRs, and renewable energy credits (RECs). WGL Energy began evaluating solutions to replace an incumbent legacy ETRM system, which had been in place since 2006."We were looking for a better integration with market data and a system that could help us manage our growing activity in renewable energy products," said Phil Woodyard, Chief Operating Officer at WGL Energy.The WGL Energy team chose Molecule because it provided the modern functionality that meets the demands of today's volatile and shifting marketplace. The company will also utilize Molecule's Elektra add-on for power and Hive add-on for renewables."Molecule provides a powerful platform designed for the products in the market today and flexible access to the data to design reports and outputs to meet our requirements," said Woodyard. "Additionally, they have an implementation process that is efficient without creating a large burden on our internal resources.""We're truly excited to have WGL Energy onboard with Molecule, and we look forward to assisting the team in navigating the ever-changing energy market," said Sameer Soleja, founder and CEO of Molecule. "We're here to support their mission of delivering dependable energy products and services to their customers."About MoleculeMolecule is modern, reliable energy and commodities trading risk management software - built in the cloud with an intuitive, easy-to-use experience at its core

Wgl Energy Selects Molecule'S Etrm Platform For Managing Gas, Power, And Renewables

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Cloud-based platform for trading risk management

Molecule Software

Cloud-based platform for trading risk management

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