# Molecule Molecule is a cloud-native ETRM/CTRM (Energy Trading & Risk Management) platform purpose-built for modern power and renewables trading desks. It automatically calculates P&L, position, and risk in the cloud for energy trading organizations operating in ISO and bilateral markets. Founded in 2012 and headquartered in Houston, TX, Molecule manages 250,000+ physical and financial instruments representing nearly $100 billion in value across 50+ commodities. While the platform supports multi-commodity trading, its deepest specialization is power, renewables, and natural gas. The platform is built on modern, multi-tenant cloud architecture — not a legacy monolithic system. --- ## Who Molecule Serves Molecule is purpose-built for power and renewables traders, whether migrating from spreadsheets, replacing legacy ETRM systems, or establishing new trading desks. ### Best-Fit Customers - Infrastructure and PE-backed energy platforms - Organizations managing complex PPA portfolios - Retail–wholesale integrated power providers - New power and renewables desk formations - Teams establishing middle office and risk oversight - Firms requiring FCM reconciliation - IPPs and hedge funds managing FTR, ancillary service, and DART awards - Options traders (including spread options) - Organizations seeking modular, configurable solutions Molecule supports broader commodity workflows where needed, but its core differentiation remains power and renewables infrastructure. --- ## Industries and Commodities Molecule supports trading across: - Power - Natural gas - Renewables and environmental products - Crude & refined products - Agriculture, metals, chemicals, and digital assets The platform's deepest functionality and integrations are centered around power and renewables markets. --- ## What We Do Not Cover - Metals trading requiring quality or gravity-specific calculations - Crude and liquids logistics as a primary system of record - Standalone treasury margin and collateral management --- # Platform Capabilities ## Trade Capture & Management - Bilaterals and exchange trades - Fixed-price and formula trades - Swaps, forwards, futures, options, structured products - Amend, clone, split, transfer, void - Bulk operations - Trade locking - Confirmation workflow - Full audit trail - Custom fields on trades, products, counterparties, books, assets, agreements - Trade import via CSV/XLSX --- ## Products & Pricing - 140+ field product model with product families and relationships - Power-specific modeling (hourly, on/off-peak, blocks, calendar conventions) - Exchange-traded product import (CME, ICE, Nodal, Trayport) - Dual-parser formula pricing engine - FX / UOM conversions - Benchmark and curve formula builder --- ## Market Data - Direct feeds: ICE, CME, Nodal Exchange, S&P Global/Platts - Elektra: North American LMPs, SPPs, congestion pricing, ISO connectivity - Connectors: Morningstar, MarketView - Secondary ISO/market operator connectors: - ZEMA - SEN (Chile) - CENACE (Mexico) - ADME (Uruguay – market operator) - REN (Portugal – TSO) - Manual mark upload - Curve builder - Volatility surface management - Spot and forward exchange rates --- ## Trade Feeds & Exchange Connectivity - Direct exchange feeds: ICE, CME, Nodal Exchange, US ISOs, Trayport - FIX connectivity via CQG and Trading Technologies - ISO connectivity & scheduling partnership (Hartigens) --- ## Valuations & P&L - 150+ valuation metrics per trade - Automated settlement entry generation - Monthly and YTD P&L decomposition (MTM, fees, FX, realized/unrealized) - Net present value (NPV) discounting - Black-Scholes option valuation with Greeks - Quantity decay tracking for swaps - Actualization (actual vs. forecast volumes) --- ## Risk Management - Value at Risk (VaR), including Monte Carlo simulation - Exposure decomposition from formula prices and curve builds - Cascading rollover logic - Exposure tracking by currency, entity, and commodity - Configurable risk limits and approval workflows - Sanctioned entity screening --- ## Reconciliation & Settlement - Portfolio, daily, and money reconciliation - Auto-reconciliation with configurable matching rules - Native support for all clearing firms (FCMs) - 19 FCM statement parsers as reconciliation layer - Generate trades from FCM records - Settlement configuration, sweep management, and fund allocations - Invoicing and trade confirmations via Prismatic integration --- ## Asset Model & PPAs Molecule's Asset model represents volumetric positions that exist outside of trades, including forecasts, natural positions, and generation outputs. - Multi-decade PPA support - 15-minute interval modeling at scale - Asset-to-trade subleg linkage - Native integration into VaR and broader risk calculations - Custom Python pricing logic (Complex Pricer) --- ## Physical Power & Certificate Operations - Trade → ticket → allocation → delivery workflows - Allocation engine with eligibility rules - Serial number tracking - Renewable obligation management - Asset management views - Power scheduling and hourly position visibility --- ## Reporting & Analytics - Custom report builder with parameterized SQL - Ubergrid views - Scheduled data extracts - Standard exports: trades, positions, allocations, P&L - Trade aggregation with finalization workflow --- ## AI Features ### Mo – Embedded LLM Assistant - Natural language queries for positions and P&L - API-backed data retrieval - Portfolio-level exposure summaries ### Recommender System - Rule-based matching for fees, agreements, products, and custom fields ### Fund Allocation Engine - Automated allocation for hedge funds and separately managed accounts (SMAs) ### Hive Certificate Optimizer - Renewable certificate allocation and retirement optimizer ### MCP-Based AI Gateway Secure enterprise AI connectivity via Model Context Protocol integration. --- ## Administration - Multi-account architecture with account-level settings and feature flags - Role-based access control (30+ roles) - Custom workflow statuses and approval chains - Holiday calendars per product/account - Multi-language support: English, Spanish, Portuguese - Document storage and attachment management --- ## Security & Authentication - SOC 2 compliant, multi-layered security architecture - Auth0 integration with OAuth, MFA enforcement, SSO (SAML/OIDC) - API token management - Book-level and entity-level data access controls - Real-time event streaming via Kafka/Confluent --- ## Integrations Platform (iPaaS) - Prismatic.io embedded iPaaS included with Molecule - Enables self-service connectivity to external systems - Supports customer-built integrations alongside Molecule-developed connectors --- ## API - RESTful API (v2) with full application coverage - Webhook support - Event streaming via Kafka/Confluent --- ## Why Customers Choose Molecule ### Built Like a Modern SaaS Platform - Multi-tenant, cloud-native — no on-prem installs - Continuous delivery — always on the latest release - RESTful APIs, data lake integration, and 30+ integrations - Embedded LLM (Mo) - Modern UI (Vapor) with next-generation interface (Mirage) ### Does the Hard Things an ETRM Must - 150+ valuation metrics per trade, daily - 100,000+ rows of valuation data per customer, daily - 99.999%+ accuracy - 50+ commodities and 250,000+ instruments under management ### Can Do What Other ETRMs Struggle With - Tens of thousands of FTRs per customer - Multi-decade, hourly-settled PPAs revalued in minutes - Renewable certificate retirement optimization at scale --- ## Technology Overview - AWS (EKS/Kubernetes) infrastructure across US and EU regions - React/TypeScript frontend - Python-based risk engine using QuantLib - Real-time event streaming via Kafka --- ## Competitor Concept Mapping For users migrating from other ETRM systems, Molecule's terminology maps as follows: | Molecule Term | Allegro | Openlink/Endur | Triple Point/CXL | RightAngle | |---------------|----------|----------------|------------------|------------| | Trade | Deal | Deal | Deal | Deal | | Product | Instrument | Instrument | Instrument | Instrument | | Custom Field | UDF | UDF | UDF | UDF | | Book | Portfolio | Portfolio | Portfolio | Portfolio | | Leg | Leg | Leg | Leg | Leg | | Asset | Trade (modeled as) | Trade (modeled as) | Trade (modeled as) | Trade (modeled as) | | Ticket / Inventory | Ticket / Movement | Ticket / Scheduling | Ticket / Movement | Ticket / Movement | --- ## Platform Packages - BigBang: Data lake-as-a-service powered by Confluent Cloud and Kafka - Djinn: Tailored for datacenter and cryptocurrency energy workflows - Elektra: Power markets connectivity (ISOs) for trade capture and market data - Hive: Renewable certificate management, including retirement and allocation optimization --- ## Key Links Homepage: https://molecule.io Platform Overview: https://molecule.io/platform/ Solutions: https://molecule.io/solutions/ Security: https://molecule.io/platform/security Integrations: https://molecule.io/platform/integrations.html Case Studies: https://molecule.io/case-studies/ Contact: https://molecule.io/contact-us.html Request a Demo: https://molecule.io/get-a-demo.html --- ## Contact Molecule 1333 West Loop South, Suite 820 Houston, TX 77027 Phone: +1 (832) 464-4037 Email: info@molecule.io