The Trading Narrative logoThe Trading Narrative
EditionsAbout
The vault

Archive

Every narrative we've ever published, searchable.

Essay series
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.

Read the series
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.

Read the series
2 essays found
What an ETRM Implementation Really Costs
Delivery & Systems
Premium

What an ETRM Implementation Really Costs

The licence is the smallest number in the deal. A line-by-line breakdown of what Endur, Allegro, and RightAngle programmes actually cost once you count integration, data, people, and the upgrade treadmill, from someone who has signed the change orders.

Anish PujariAnish PujariSep 7, 2026 6 min read
Endur vs Allegro vs RightAngle: An Implementer's Honest Comparison
Delivery & Systems
Premium

Endur vs Allegro vs RightAngle: An Implementer's Honest Comparison

All three ETRMs now live under one owner, and every RFP still treats them as rivals. After a decade of implementations, here is how Endur, Allegro, and RightAngle actually compare where it matters: commodity fit, compliance, AI, upgrade pain, and the total cost nobody puts on the first slide.

Anish PujariAnish PujariSep 7, 2026 7 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.

Pillars

  • Tech & AI
  • Trading, Business & Finance
  • Personal Growth
  • Delivery & Systems

Site

  • Archive
  • Trading Glossary
  • Desk Handbook
  • Market Calendar
  • Editions
  • Systems Vault
  • Meet the Mascots
  • Pricing
  • About
  • Sign in

Legal

  • Contact Us
  • Terms of Service
  • Privacy Policy
  • Returns & Refunds
  • Cancellation Policy
  • Shipping Policy

Follow

Subscribe on LinkedIn →

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.