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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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1 essay found
Nine Decisions
Trading, Business & Finance
Premium

Nine Decisions

A copper cargo is priced eight times before anyone looks at a screen. Here is the lifecycle of a concentrate parcel, and why the assay lab decides more of the P&L than the trading desk.

Anish PujariAnish PujariSep 7, 2026 8 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.