| Automated Upload of Trade and Market Data: |
| ProStorage is interoperable with leading deal capture systems. |
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| Comprehensive Contract Definition: |
| ProStorage covers a comprehensive set of storage contract provisions and operational characteristics. |
- General Specifications - capacity, inventory start level, contract start and end dates, and variable injection/withdrawal intervals (day, week, month).
- Inventory Requirements - a schedule for required minimum and maximum inventory levels.
- Operational Constraints - a schedule for variable injection/withdrawal rates and costs as functions of discrete inventory levels (or “ratchets”).
- Inventory Payout and Penalty Provisions.
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| Multiple Trading Strategies |
| Several trading strategies are considered in contract valuation: |
- Intrinsic - trading spot and forward contracts on value date.
- Optimal - trading spot using optimal buy/sell rules to maximize expected profit.
- “Rolling” Intrinsic – rolling of the intrinsic hedge of spot, balance-of-the-month and forward transactions.
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| Multiple Pricing Models |
| ProStorage provides the choice of two different forward curve models: |
- The one-factor, log-normal mean-reverting model.
- The FEA’s multi-factor seasonal principal component analysis forward curve model.
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Optimized Speed
ProStorage computational performance is a direct result of highly efficient code implementation – whether it applies to the trinomial tree for the one-factor model or to a choice of solvers for the multi-factor model.
View the ProStorage product profile .
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