Hive: Certificate Allocation Solution

Enhancements to Allocation UX

MOL-18746 - The allocation modal displaying a list of program/period combinations has been replaced with a new version that separates inputs for the program name and date range. This improvement enhances user experience by streamlining the allocation process, making it more intuitive and efficient. The existing API for allocating specific obligation tickets remains unchanged, ensuring continued compatibility with the allocation matching engine.

Long Term Hourly PPAs

Optimized Trade Leg Processing

MOL-18806 - To enhance processing efficiency, stepwise legs with settlement dates more than 90 days in the future will no longer be automatically rolled into child trades. This update prioritizes processing near-term trades, improving system performance and resource allocation for long-term contracts.

Fix for hourly_forecasted_average on Hourly Frequency Trades

MOL-18781- The hourly_forecasted_average formula now considers the time component when valuing entries for hourly trades. This enhancement ensures that valuations accurately reflect each hour's data, improving the precision of financial calculations and reporting for hourly frequency trades.

PPA November DST Fix

MOL-18747 - An issue impacting the hourly_forecasted_average calculations for PPA contracts has been resolved. Previously, the quantity and price outputs were inconsistent, particularly for November contracts. This change ensures accurate valuation of PPAs across all months, providing more reliable financial reporting for PPA deals.

New App Screens

Migration of the CME Admin Screen to Mirage

MOL-18341 - The CME Admin Screen has been redesigned and migrated to the new 'Mirage' interface. This update provides an intuitive and cohesive user experience, enabling Account Admins to efficiently manage Trade Adapters, Trader Mappings, Tag Mappings, and Commodity Mappings. The screen maintains security and access controls, ensuring only authorized users can make changes. If you have the appropriate permissions, click here to visit the new page.

A New Integrated Counterparty and Agreements Screen

MOL-18333 - A new Counterparties screen has been added to the new 'Mirage' UI in the Account Settings app, offering an integrated view of counterparties and their associated agreements. Users can now add, edit, and delete counterparties with improved usability, including expanded functionality for managing agreements directly within the Counterparties tab. This update enhances data accessibility and management efficiency for counterparty relationships.

MOL-18664 -The Agreements screen has been integrated into the Counterparties section in our new UI framework, 'Mirage', providing a unified interface for managing agreements. Users with the appropriate permissions can now view, add, edit, and delete agreements. This update improves workflow efficiency by consolidating contract management tasks in one place, with flexible access controls and export options for comprehensive reporting.

Reconciliation Display Direction

MOL-18726 - The reconciliation display direction is now dynamically set based on account settings, ensuring that quantities and prices are displayed consistently with the user's preferences. This enhancement provides greater flexibility in reconciliation reporting, catering to different accounting and operational requirements.

Customizable Date Format Settings

MOL-18496 - Users can now select their preferred date format from four options: MM/DD/YYYY, DD/MM/YYYY, DD.MM.YYYY, and YYYY-MM-DD. This feature is available at account and user levels, ensuring that displayed dates align with regional preferences without affecting the underlying data storage or export formats. This setting applies to any new app screens or those that have been migrated to the new 'Mirage' UI, but will not change what shows on non-'Mirage' app screens.

FX and Inventory Management

User-Defined Exchange Rates Model and API

MOL-18715 - Users can now provide custom exchange rates specific to their accounts, enabling greater flexibility in currency management. A new API allows creating, updating, and deleting user-defined exchange rates. This enhancement supports more accurate financial reporting by allowing users to specify rates that align with their unique business needs.

FX Rate on Tickets

MOL-18757 - An FX rate is now applied to ticket transactions denominated in currencies other than the account's base currency. This enhancement ensures accurate currency conversion by automatically selecting the most relevant exchange rate from user-defined rates or Molecule-provided rates, improving the precision of financial calculations and reporting.

UOM and Currency on Tickets

MOL-18724 - New fields for Unit of Measure (UOM) and currency have been added to tickets to support more detailed inventory reporting. This enhancement allows users to track inventory balances more accurately, with account-level settings to aggregate by UOM and currency, ensuring flexible and detailed inventory management.

Settlement Entry Valuation with User-Provided FX Rates

MOL-18723 - The valuation process has been enhanced to prioritize user-provided exchange rates when calculating FX rates for settlement entries. The system defaults to the Molecule-provided rates if no user-defined rate is found. This update offers more control over FX valuation, allowing for customized financial reporting and accurate P&L calculations.

ICE Adapter Improvements

Improved Security Definition Handling for ICE Allocations

MOL-18739 - Enhancements were made to processing ICE allocation messages to handle incomplete security definitions more effectively. When encountering insufficient security details, the system now requests additional data to advance accurate trade processing. This improvement reduces the risk of errors and enhances data integrity in ICE allocation workflows.

Detailed Status for ICE Allocation Messages

MOL-18778 - Improved status details for ICE allocation records to enhance transparency and troubleshooting. Users now receive more descriptive status updates, including explanations for pending states (e.g., no security definition found, insufficient details) and reasons for failed transformations. This enhancement provides better visibility into the allocation process, facilitating quicker resolution of issues.

ICE Marks on Forwards

MOL-18784 -The system now maps ICE marks to Molecule products with future or forward instrument types, accurately representing physically settled instruments traded on ICE. This enhancement broadens the scope of mark mapping, improving the accuracy of price reporting and valuation.

Improved Handling of Non-Continuous Monthly Contracts

MOL-18804 - Improved handling of custom spread trades using ICE strategy 500 for non-sequential monthly contracts. The system now correctly creates separate trades for each leg in the trade message instead of a continuous strip. This update ensures accurate trade representation for strategy 500 deals, improving trade reporting accuracy.

Trayport Improvements

Additional Status Details for Trayport Messages

MOL-18776 -Trayport trade adapter messages now include detailed status descriptions, providing clearer insights into failed transformations and exclusions from processing. A new status field shows relevant error class names and parameters, improving transparency and making it easier to troubleshoot issues. This update enhances operational efficiency for managing Trayport trade messages.

Linking Trades to Trade Adapter Messages

MOL-18777 - A new relational link between trade_adapter_messages and the resulting trades has been created for Trayport. This enhancement ensures traceability by linking trades directly to the messages that created them. This update improves data transparency and lays the foundation for displaying message details on trade edit screens, similar to ICE and CME integrations.

Trayport Trade Reprocessing Fix

MOL-18765 -An issue with reprocessing Trayport trades, caused by a missing external_company_id, has been resolved. The system now correctly retrieves this value from the raw message, ensuring successful reprocessing of failed trades. This fix enhances Trayport integration reliability, reducing trade reconciliation errors.

Fix for Missing User Context in Trayport Integration

MOL-18745-An issue where user context was missing during trade processing for Trayport integration has been resolved. The system now consistently includes the current user context.

General Improvements

New FCM support added

MOL-18635 - The Wedbush FCM has been integrated for trades and Portfolio Reconciliation screens. This update allows users to reconcile trade prices and fees. It also supports portfolio reconciliation with accurate mapping of positions and products, providing a streamlined reconciliation process for users trading with Wedbush.

Enhanced Exposure Reporting for Power Products

MOL-18030 -The system now supports more granular exposure calculations for power products, breaking down yearly and monthly exposures. This enhancement leverages the weighted average function to calculate contributions accurately, including time block and hourly breakdowns. This update improves risk reporting.

Support for New Power Trading Time Block

MOL-18710 - A new custom time block for hours 17 through 22 is now supported, enhancing flexibility in power trading. This update allows users to set the custom_17_22 block on products through the UI and spreadsheet uploads, enabling more precise time-based trading strategies.

Enhanced Trade Message Processing

MOL-18791 - An issue was identified where bust messages from Nodal. This fix ensures that all relevant bust messages are correctly captured and reflected in the system, providing users with accurate and up-to-date trade data.

Realized P&L on Options Exercising into Futures

MOL-18567 - A new account-level configuration has been introduced to address some account's concerns of double counting P&L when options exercise into futures, supporting different ways for accounting for this. The update provides a more accurate reflection of realized P&L.

Improved Location Search Functionality

MOL-18361- Searching for locations is now more flexible. Users can use either hartigen_alias or nrgstream_alias, and if the alias is not available, the system will check the location's name. This enhancement ensures more accurate and comprehensive search results, facilitating efficient location management.

Fix for Missing Aggregate ID on Trade Legs

MOL-18744 - An issue related to discrepancies between allocation and trade leg quantities has been resolved. This problem, observed when processing a high volume of trades for the same product and tenor, led to missing aggregate_ids on some trade legs. The fix ensures that all legs are assigned the correct aggregate_id, providing consistent and accurate allocation data.