A pioneering energy trading firm had been relying on an expensive, off-the-shelf risk management system costing around $250,000 annually. While the platform offered generic functionality, it suffered from critical limitations — it was slow to load, not web-based, and unable to keep pace with the fast-moving nature of the markets. Traders were forced to rely on manual Excel reconciliations, wasting time and creating inefficiencies during moments when speed was essential.

Sorocca was brought in to address both the immediate operational pain points and the long-term need for a faster, more adaptable solution. As an initial step, we replaced the manual Excel reconciliation process with a custom-built, more robust interim tool, instantly improving data accuracy and speed.

We then designed and developed a fully bespoke, web-based risk management platform tailored specifically to the firm’s workflows and trading requirements. This new system gave traders full control over their data, calculations, and pricing models. Through the creation of custom APIs and native integrations, we ensured seamless connectivity between trading systems and the new platform, making it both faster and more reliable.

The result was a game-changing tool that became the cornerstone of their trading operations. By eliminating the costly legacy system, the firm saved a substantial annual expense while gaining unprecedented flexibility. Traders could now design their own tools, adapt workflows on demand, and respond instantly to market changes — capabilities that competitors using rigid, off-the-shelf systems could not match. Over time, the firm leveraged this platform to create unique in-house capabilities, further strengthening their market position.

Key Outcomes:

• Eliminated a $250,000 annual system cost
• Delivered a faster, fully web-based risk management platform
• Enabled traders to customise tools and workflows in-house
• Increased operational speed and responsiveness to market conditions
• Established a scalable foundation for future in-house development