Hi folksI am currently considering organisational requirements and would like to build on your experience (obviously not a quant issue, but I appreciate your view):When has a trade to be captured in the system at energy trading companies? Is up to 15 minutes after the trade was done reasonable or is it much longer due to market issues which may be different to other products such as IR, FX?Kind Regardserisk

Hi erisk,What kind of energy trading are you referring to? In my experience, trade capture happens immediately (i.e. a mex seconds, max 1 min later) since most systems offer straight-through-processing. 15mins does seem quite long to me.

I would say it depends on the products traded and systems available. I.e for liquid products on big platforms I would say straight-through-processing, and integration of the systems should make this pretty fast. However if we are talking OTC and bilateral trades done over the phone without any specific trading platforms. Those trades most probably need to be entered manually. As to the timeliness of this trade entry it would probably be governed by the company specific policies and confirmation cycles. In addition probably Risk would want those trades in by some time in order to run reports and metrics.