An energy trading and risk management (ETRM) system is a software solution that can capture and manage wholesale energy market transactions, from execution to settlement, invoicing, managing, reporting market and credit exposures, and market integration for energy commodities. The ETRM market comprises ETRM systems and other related solutions. The ETRM system is an application or modular suite of applications used to manage a company’s position in one or more commodities. It typically provides all capabilities (from trade capture to invoicing, including risk management and reporting) for front, middle and back office in energy companies. It is the system of record for both physical and financial wholesale energy transactions, from trade to invoice and settlement.