Turn live commodity markets into an executive order you can act on today.
SIGMA DESK is a commodity-hedging engine fronted by a live terminal. Real exchange prices run through a rigour-first quant core — hedge ratios that adapt to the market, tail-first risk that prices the real distribution, near-zero-cost options protection, and a joint commodity + currency overlay — and come out as a board-ready order sized to real contracts and marked to the live tape. The engine is the product: proprietary methods that honour what commodity prices actually do — cluster, jump, and fat-tail.
Anyone can quote a textbook hedge ratio. The edge is in methods that price what commodities actually do. Most corporate hedging tools stop at three assumptions that quietly cost money — a static ratio, a variance-only objective, and a bell-curve tail. SIGMA DESK replaces each with the rigorous version, and prices the carry, the FX, and the trading cost the textbook ignores.
The hedge is recomputed as the market moves, tracking how spot and futures travel together so your coverage adapts before a regime change costs you — never a single static ratio fitted once and left to drift.
Variance is symmetric; the loss you actually fear is not. The desk sizes the hedge against the worst outcomes directly — lower downside and deep-tail risk than a conventional variance-minimising hedge, at the same exposure.
Commodity returns are skewed and fat-tailed. Our risk measures price that real shape, flagging materially more tail loss than a model that assumes a bell curve — so you size for the risk that is actually there.
A collar solver funds your downside floor with the premium from a chosen upside cap — defensible, options-based protection structured to net out at close to zero cost, with the strikes computed for you.
A USD-priced buyer who pays in EUR carries two risks at once. The desk sizes a joint commodity-plus-currency hedge to the residual the commodity hedge leaves — not a naive 100% of spend that over-hedges and adds cost back.
Chasing every price wiggle bleeds bid/offer. The desk holds while you are inside tolerance and trades only the minimum needed when coverage drifts out — spending your budget on risk reduction, not on broker spreads.
A Bloomberg-style commodity-hedging terminal pulls real daily prices for COMEX/NYMEX/CBOT futures and EUR/USD, runs the engine on the live series, and renders a dense console in the Lualdi design language. No synthetic data anywhere — every number on screen is computed live from the market.
Spot (with $/tonne for metals), live volatility, recommended coverage and 95% Expected Shortfall; a one-year price chart; a no-look-ahead program backtest on real history; and a realised volatility cone.
Enter the real order — side, size, horizon, objective (lock / cap / min-variance / min-tail) and settlement currency — and get an executive order: contracts to trade today on real exchange specs, the collar strikes, the EUR/USD forward leg, a layered schedule, and the horizon ES it removes. Export to PDF or Word.
The system of record. Executed orders persist, mark to live prices (hedge P&L vs entry), and roll up into a portfolio VaR/ES on the joint distribution of open residual exposures — surfacing the diversification benefit vs the sum of standalone risks.
A morning digest re-scores every position on the live signal and flags coverage drift by exposure. The Stress Lab shocks the live book by preset or custom scenario and shows the P&L hit, the stressed portfolio VaR, and the rehedge that restores the risk budget.
An LLM reads the live book and the tape and writes the morning briefing — or answers an ad-hoc question — grounded only in the real numbers. Provider-neutral: one API key in the environment and it auto-detects.
VaR/ES at 95% and 99%, the naive bell-curve view against the real-distribution view (how far a normal assumption understates the tail), and the dated tail events. A sortable, click-to-load universe spans copper, aluminium, gold, silver, platinum, WTI, Brent, nat gas, corn, wheat, soy and coffee.
"Where the signal does not beat a static hedge on a given commodity, the terminal says so. Outputs are decision support — not predictions, not investment advice."
Live exchange prices in; live volatility, regime, term-structure carry and the per-signal coverage view computed on the real series. The desk knows the state of the market before it sizes anything.
Coverage fraction × instrument ratio × exposure. The engine returns an auditable recommendation — action, coverage %, conviction, and the per-signal breakdown — sized to your objective and policy band.
The order ticket emits real contracts, collar strikes and the FX leg; execution layers in over tranches; the Hedge Book marks it to the live tape and the Daily Brief flags drift. Every step is logged and replayable.
Live data · Tail-optimal · Board-ready orders · Decision support, not advice