"Commodity futures trading" involves financial contracts where the delivery of goods occurs at a future date at a pre-agreed price.
Typical functions of software in the "Commodity futures trading" domain include:
Trade capture: Capturing orders for the purchase or sale of commodity futures contracts by traders or users.
Price monitoring: Monitoring and displaying current and historical prices for various commodities that are the subject of futures contracts.
Risk management: Evaluation and management of risks associated with commodity futures contracts, including market risks, credit risks, and operational risks.
Contract settlement: Automation of processes for settling commodity futures contracts, including order matching, delivery allocation, and settlement.
Reporting and analysis: Generating reports on trading activities, positions, profits, and losses related to commodity futures trading.
Compliance monitoring: Monitoring compliance with regulations and policies related to trading commodity futures contracts, including regulatory requirements and market standards.
Integration with trading platforms: Ability to integrate with electronic trading platforms or exchanges for trading commodity futures contracts.
Alerts and notifications: Providing alerts and notifications to traders about important events or changes in the commodity futures market.