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Trading Operations3 essays

A running series on the operational backbone of commodity trading: freight, demurrage, market structure, and the data discipline that separates good desks from great ones.

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The Trading Professional6 essays

A six-part series on building a durable career in commodity trading: future-proofing your skills in an AI-first market, moving from trader to desk head, navigating ETRM vendors, reading the room, and building the reputation and judgment that compound over decades.

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2 essays found
Why Most ETRM Implementations Fail in the First 90 Days
Delivery & Systems

Why Most ETRM Implementations Fail in the First 90 Days

The system does not crash. The business quietly works around it. Why the first 90 days decide an implementation's fate and what the firms that get it right do differently.

Anish PujariAnish PujariAug 27, 2026 7 min read
Delivering a Power Trading Desk: System Compliance, Lifecycle Design, and Why Agile/SAFe Changes the Economics
Delivery & Systems
Premium

Delivering a Power Trading Desk: System Compliance, Lifecycle Design, and Why Agile/SAFe Changes the Economics

Compliance is not a phase you add at the end, it is a property of every design decision from sprint one. What twelve years of ETRM delivery teaches about building the systems behind a power desk.

Anish PujariAnish PujariAug 8, 2026 21 min read
The Trading Narrative logoThe Trading Narrative

Sharp narratives on markets, technology, and a life well designed. One thoughtful essay at a time, straight to your inbox.

By Anish Pujari, ETRM product leader and author of How Trading Can Make You Money.

The Commodity Systems Vault: practitioner-written ETRM/CTRM operational documents for desk heads, implementers, IT architects, and compliance teams. One-time purchase per document, instant PDF download, no subscription.

Join 500+ commodity trading professionals.

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Disclaimer: The Trading Narrative provides commodity and energy trading systems (ETRM/CTRM) education only. It is not a stock advisory, does not offer financial or investment advice, and requires no SEBI registration. You are responsible for your own trading and investment decisions. See our Terms of Service.

© 2026 The Trading Narrative. Operated by Anish Pujari, Pune, India. All rights reserved.Made with conviction, published with care.