Every Open Trade Derivative trade’s Notional Value or equivalent or 1 physical or forecast trade. Basic plans include a 50 open trade limits and a $2,500,000 Notional Limit.
Each Trade that is entered into the system will consume either 1 trade or the trade’s total notional value. For physical trades and forecasts each open trade will be counted as one regardless of the trade’s notional equivalent.
For Example: a Crude Oil trade that has a quantity of 1,000 barrels @ $70/bbl = $70,000 notional value and will count as 1 trade and $70,000 of notional value.
When a trade or a period of a trade is no longer open it’s credit allotment will be added back to the available credit balance. Additional Open Trade Credits can be purchased as needed.
You will be contacted by sales if you exceed your trade limit for 2 consecutive periods or more than 10%.
Excel is a powerful tool but it can sometimes get unwieldy after building complex spreadsheets. At OpenCTRM we don’t want to replace Excel we want to help make it better by making it easier to manage over long periods of time.
Most other E/CTRM vendors don’t have transparent pricing their software so they can’t advertise their prices. This means that until you go through their entire sales process they don’t know what they are going to charge you.
We don’t charge an implementation fee for Basic or Pro plans when you get started with the system. We publish lots of online material and resources to help you learn and be successful. Also, our onboarding and support team is always available to help and answer any of your questions.
Absolutely! OpenCTRM was built for integrations which is why it’s called “Open”CTRM. We have spent lots of time developing various secure API integration points and we encourage customers, data providers, and other third parties to build integration they see fit.
We integrate with various brokers and clearing brokers so that your data flows directly into OpenCTRM. Each broker has their own integration methodology so let us know who your brokers are and we can get them integrated.
You sure can! You can use any major credit card or setup direct ACH payments right through the system. We use the world’s leading payment processor Stripe to process all payments so you can rest assured that your information is secure.