CTRM Center, the online portal featuring news, opinions, information and insights on commodity markets technologies, has published a blog on the Topaz approach to advanced risk management for physical commodities.
Topaz's fully flexible pricing formula language , which supports multi-line formulas using both internal and external variables, and may be expressed through nonlinear mathematical functions, including min or max operators. The Topaz QDM (Quant Developer Module) , which provides the ability to integrate custom valuation models into PnL and risk calculations Topaz's price process language that allows users to define and calibrate custom pricing processes for evaluating gas swings or storage contracts The ability to capture custom instruments for valuation using the QDM
