Concepts

10 articles

​Stacks: Main Models in Molecule

It's helpful to understand the data models and use cases for the main position-creating models in Molecule. Broadly: Trades are for actual transactions. Users can't manipulate heavily downstream. Ass…

Updated by Sameer Soleja

Valuation & Relevant Products

Molecule's valuation engine performs 100+ calculations for each trade, every day. Trades have dozens of possible permutations as to how the engine treats them; everything from balmo calculations , to…

Updated by Sameer Soleja

Trades: Calculating Position and P&L

In Molecule, a Trade and its Position are not the same thing. Trades. To the system, a Trade is a contract that you execute , such as a fill for an order on an exchange. Positions/P&L. Molecule creat…

Updated by Sameer Soleja

As-Of Date

As-of dates are a core concept in most Molecule reporting. They represent a reporting date -- the date that a specific report is about. As-of dates are in: Valuations (and Settlements) Reporting. YTD…

Updated by Sameer Soleja

Tenor

Tenor and Contract dates are related, though not identical concepts in Molecule. Both refer to the forward month (or day, or other period) for which a trade is relevant. Tenor Start and Tenor End are…

Updated by Sameer Soleja

Inventory & Tickets Stack

Broadly, Tickets offer the ability to manage inventory. Tickets represent injections and withdrawals from inventory. Inventory is the sum of Tickets. Stack. Lifecycle. When a Ticket is created or upd…

Updated by Sameer Soleja

Trades Stack

Broadly, Trades are for managing forwards, futures, swaps, and options. In Molecule, we think they should generally represent transactions that have happened. Stack. Lifecycle. After a Trade is booke…

Updated by Sameer Soleja

Assets Stack

Broadly, Assets provide users the ability to directly write Asset Valuation rows that can line up with Trade Valuation rows. Assets are often used for custom shape, forecasts, natural positions, or e…

Updated by Sameer Soleja

Origins

In Molecule, origin (sometimes called account origin) refers to the company you are trading as. For example, Experimental Energy might be trading under several different companies. In other systems,…

Updated by Sameer Soleja

Mark Levels

Molecule uses a concept called Mark Level to determine the priority of marks and volatilities used to value a trade. In some documentation, these may also be called curve_source or quality. First cli…

Updated