News
PlatformJanuary 2026

Introducing
Hedge Lab

See exactly how a hedge changes your risk — before you ever trade. Structure and stress-test hedge instruments interactively, with full portfolio recalculation on every change.

Hedge Lab — Portfolio Risk View
ERCOT Retail Book — Summer 2026
Select instruments to apply hedge and watch risk collapse
Unhedged
Hedged
P&L Distribution — 10,000 Scenarios
$0
LossGain
Add instruments
Calls
Puts
Forwards
Shape
Physical
Basis
Expected P&L
-$2.4M
+$1.8M
Max Drawdown
-$9.1M
-$2.3M
Risk Reduction
74%

Hedge Lab — unhedged vs. hedged P&L distribution across 10,000 scenarios

Hedge Lab gives you a live, interactive view of how hedge instruments change your portfolio's risk distribution — instantly, without offline runs, without waiting. Select your portfolio or a subset of it. Add instruments. Watch the risk collapse in real time.

Every change you make — adding a call, removing a forward, adjusting a basis swap — recalculates the full scenario distribution immediately. You see the before and after side by side, with key metrics updating in real time.

What you can do

Select any portfolio or subset

Start from your full book or drill into a specific set of accounts, positions, or asset types. The exposure view adjusts instantly.

Add any instrument

Calls, puts, forwards, shape products, physical assets, basis swaps — add any combination and see the full distribution recalculate immediately.

Watch risk collapse in real time

The P&L distribution updates on every change. No submit button, no wait. Metrics — expected value, drawdown, tail risk — update alongside it.

No orders placed

Everything in Hedge Lab is hypothetical simulation. It shows you exactly what a hedge would do to your risk — before you commit to any trade.

Instruments supported

CallsPutsForwardsShape productsPhysical assetsBasis swapsCollarsSpread options

Additional instrument types available on request.

“My daily gym.”

— Portfolio Manager, ERCOT

See your risk. Then change it.

Talk to us about adding Hedge Lab to your analytics stack.

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