CTRM Alternative - Evaluation guide

The CTRM Alternative
Built for Commodity Derivatives Desks

If your current system is held together by workarounds, here is what a modern commodity derivatives CTRM platform looks like and how Loqsea compares against the criteria that matter.
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Recognised in Chartis Energy50 2025 —
Top 50 Energy Technology Vendor

LME ISV Approved

London Metal Exchange
Connected to global exchanges via FIX

Connected to exchanges via FIX

CME Group, ICE, LME, EEX, EUREX and SGX, among others
options trading

Instrument Types

Futures, Swaps, Options, Warrants, LME Averaging
Replacing a legacy CTRM

The signs your current system is the problem, not your team

On-premise, batch-processed platforms were not built to move at the speed of derivatives markets. The operational overhead they create is not a workflow problem. It is an infrastructure problem.
Batch processing

Your risk position updates on a schedule, not in real time

You are making decisions on yesterday's numbers. The market has already moved by the time the cycle runs.
Per-exchange development

Every exchange connection was a development project

Each one cost time, budget, and a delay before your desk could trade. Adding a new exchange means starting the queue again.
IT dependency

Your CTRM needs an in-house IT team to function

Maintenance, upgrades, and downtime sit outside your control. Infrastructure that requires dedicated resource to keep running is infrastructure that runs you.
Evaluation guide. How we compare as a CTRM alternative

What most platforms offer
What Loqsea offers instead

Most CTRM platforms were built for energy utilities and large enterprise operations — then adapted for commodity derivatives desks. Here is what that adaptation costs in practice.
What you need What most CTRM platforms offer What Loqsea offers
Real-time trade capture
Positions update on a cycle. The risk screen reflects where the book was when the last import ran, not where it is now.
FIX connectivity to CME Group, ICE, LME, EEX, EUREX, SGX, and SHFE. The position is live because the capture is live.
Built for your market
Commodity derivatives desks are a secondary use case. The platform reflects that.
Built for CTAs, hedge funds, and commodity derivatives desks. Not adapted from a platform designed for a different operation.
Metals exchange connectivity
US energy and power market focus. LME and metals exchange connectivity is not what this infrastructure was built around.
LME ISV Approved. FIX connectivity to CME Group, ICE, LME, EEX, EUREX, SGX, and SHFE. Built around the exchanges this market trades.
Middle and back office
Built for back office teams. They struggle to provide the tools and shared views that traders and risk managers both want.
Built for the front office team. Gives them live views of their positions with drill down functionality and with the ability to have a variety of views and test scenarios.
Live risk analytics
VaR and P&L update on a processing cycle. In a session where metals or energy move sharply, the figure on screen reflects where risk was, not where it is.
MTM, Greeks, VaR, and margin update continuously throughout the session. The figure on screen is in real-time.
Implementation
Modular pricing. Exchange connections built per client. Implementation measured in months before the desk is live on a system it can trust.
FIX connectivity is built into the platform. Rapid configuration and onboarding. Highly scalable.
The platform

What real-time commodity derivatives risk management looks like

Live positions, automated reconciliation, and a full options module in a consolidated view.

FIX Connectivity

CME Group, ICE, LME, EEX, EUREX, and SGX. Live at execution. No manual import.

Live P&L

By book, strategy, or instrument. Updated continuously as the market moves.

Reconciliation

Mismatch detection runs continuously. No manual trigger. Discrepancies surface immediately.

Option module

Options P&L, Delta, and scenario analysis for commodity derivatives positions.
See it for yourself

Loqsea Risk Manager in Action

Trusted by CTAs, hedge funds and trading desks globally

"We have used Loqsea over the last five years or so. Having used several other risk systems, I can confidently say this is the best."

Trader, Sonas Commodities
Common questions

Frequently asked questions

The right CTRM alternative depends on what your desk trades. Most platforms were built for energy utilities or power markets. If you trade commodity derivatives: metals, futures, OTC instruments, you need a platform built specifically for that market, with direct FIX connectivity to LME, CME Group, ICE, and the exchanges your desk actually uses.

Near real-time means data processes on a cycle rather than at the moment a trade executes. Real-time via FIX means a position updates the instant a trade fills. In a live derivatives market, that gap is the difference between knowing your current risk position and believing you know it based on the last processing cycle.

Yes. Loqsea is built specifically for CTAs, hedge funds, and mid-market commodity derivatives desks. No minimum trade volume and no dedicated IT team required. It was designed for this operational model from the start, not scaled down from an enterprise CTRM platform built for a utility or large energy trading house.

Get in touch

Yes. Most legacy CTRM platforms were built for power, gas, and utility operations. Commodity derivatives desks are typically running them as a secondary use case, with workarounds for instrument types, exchange connectivity, and prompt date structures the original platform was never designed for. Loqsea was built specifically for derivatives: futures, options, ETD, and OTC.

Get in touch

Most migrations from on-premise, batch-processed systems follow the same pattern: parallel running alongside the existing platform until the desk trusts the numbers, then cutover. FIX connectivity to your exchanges is already built in, so there is no development queue. Timeline depends on position history migration and desk complexity, not platform construction.

Get in touch

Ready to see Loqsea in action?

Loqsea works with commodity trading firms, CTAs and hedge funds to replace manual processes and legacy systems.
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