Six Things Commodity Desks Need to Know This Week
Hormuz risk is now priced into everything from jet fuel to Chicago wheat, and the CTRM market just got measured.

Editions on site are a Premium benefit
Newsletter subscribers get every edition by email, free. Read this one from your email link, or go Premium to browse all editions here with the full BOARD.
Sign in to chat with an AI grounded in this essay.

Anish has spent 12+ years inside commodity trading floors delivering ETRM and trading systems, from front-office deal capture to the post-go-live months where implementations are won or lost. He writes The Trading Narrative for the practitioners who run those desks: traders, delivery leads, and the professionals in between.
More about the authorMember discussion (0)
No comments yet, be the first to share your perspective.
Related narratives
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 PujariSep 7, 2026 6 min readEndur 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 PujariSep 7, 2026 7 min readOne Unit of Electricity. Two Countries. Two Completely Different Machines Behind the Price.
A kilowatt-hour is identical physics in London and Mumbai. The price behind it is not. One system routes gas cargo risk through a quarterly cap. The other buries it in slabs, wheeling charges, and a fuel adjustment line most people never read. Who actually carries the commodity risk in each, and what a single delayed LNG cargo does to both.
Anish PujariSep 4, 2026 8 min read
