Houston-Based Energy Trading Risk Software Company, Molecule, Rolls Out 200th Product Release
Molecule, the most advanced cloud-native software for Energy Trading and Risk Management (ETRM/CTRM), celebrates its two-hundredth release today.
HOUSTON, TX – 13 July 2020 – Molecule, the leader in cloud-native ETRM/CTRM software, and Fidectus, a Swiss SaaS company revolutionizing post-trading in over-the-counter energy and commodity markets, have announced a technical partnership. This partnership will include an integration to allow straight-through processing of deals in Molecule, to the Fidectus platform.
This release contains three important new features:
- User-customizable P&L reporting, via a new beta Valuations screen. This new 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 refreshed throughout the day. This new feature will be available to existing customers at no additional cost.
- Molecule’s new beta Actualizations screen. This 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.
- A more powerful authentication module. 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.
“I’m so incredibly proud of the amazing team that has made this, and the past two hundred releases of our software,” said Molecule CEO, Sameer Soleja. “When we founded Molecule in 2012, it was an idea on a whiteboard, 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.”
Molecule is a small, focused team of about a dozen people – and serves large and small companies around the world, with their model of no-charge implementations and world-class user experience, and a goal of “Zero Customer Surprises.” Because most other ETRM/CTRM products are on-premise implementations, upgrades tend to be large, complex projects—whereas Molecule releases nimble, transparent upgrades multiple times per month.About Molecule
Molecule is the leader in cloud-native ETRM/CTRM. We make reliable, easy-to-use SaaS software for commodity traders, risk managers, and operations teams at hedge funds, marketers, hedge advisors, IPPs, and world-scale energy and PE firms – in power, gas, crude, refined products, chemicals, agricultural products, and fixed income. Our customers can go home earlier, because Molecule automates routine tasks and complex position, P&L, and risk calculations. Learn more about Molecule at www.molecule.io.
Phone: +1 832.464.4037