GasRisk360 - real-time risk reporting for European gas trading
A trading-desk-ready risk reporting service for European gas markets. GasRisk360 consolidates positions, market data, curves, credit and limits into one real-time view, so traders, risk and management act on the same numbers intraday and end-of-day. It turns a patchwork of spreadsheets, ad-hoc reports and overnight batches into an always-on risk layer: governed data, common metrics and live visibility from the front office to the CRO, built around the way European gas actually trades across hubs, tenors and balancing regimes.
European gas hubs (TTF, NBP, PEG, THE) - Physical, forwards, futures, options, swing, capacity - Integrates with Gravitas ETRM and third-party CTRM
GasRisk360 in four points
- Real-time consolidated positions and exposures by hub, strategy, book and trader
- Intraday P&L, P&L explain, VaR, stress tests and continuous limit monitoring
- Market-data validation for curves, vol surfaces, FX and reference data
- Role-based dashboards for Trading, Market Risk, Middle Office and Management
- Europe-first design around TTF, NBP, PEG, THE and other key hubs and products
- Integrates with Gravitas ETRM and other ETRM/CTRM platforms, exchanges and brokers
Why we built it
To give every European gas desk a single, governed, always-on view of risk, replacing overnight batches and spreadsheet reconciliations with numbers the whole organization can trust in the moment.
What it delivers
To deliver market, credit and liquidity risk reporting as a managed service that plugs into existing ETRM and market data, so front office, middle office and the CRO see the same exposures, P&L and limits in real time.
Why gas risk is hard
European gas portfolios run across multiple hubs, products, time buckets and physical constraints at once. A single book can hold physical deliveries, forwards, futures, options, swing contracts and capacity, and the risk on it is genuinely multi-dimensional.
In many desks the risk numbers live in spreadsheets, ad-hoc reports and overnight batches. By the time the daily pack is assembled, the market has moved, and intraday the desk is effectively trading blind between batch runs.
When trading, middle office and risk each maintain their own view, reconciliation becomes a daily tax. People argue about whose number is right instead of acting on the risk, and genuine breaches can hide inside the noise of mismatched data.
Regulatory and internal reporting then sits on top of this shaky foundation, so producing a defensible risk pack for a committee or a regulator takes far more manual effort than it should, and confidence in the result is lower than anyone would like.
The cumulative effect is a desk that is always slightly behind its own risk. Decisions get made on stale numbers, genuine breaches can hide in reconciliation noise, and a disproportionate amount of skilled effort goes into assembling and arguing about data instead of managing the exposure it describes.
One risk view for the desk
GasRisk360 puts a single governed layer under the desk: positions, Greeks, P&L, VaR, limits and scenarios computed once, from one reconciled data set, and presented to every role from the same source. Reconciliation between trading, middle office and risk largely disappears because there is nothing left to reconcile.
It is intraday by design. ETRM, exchange and broker data stream in, and exposures and P&L refresh through the day on configurable intervals and event-driven recalculations, so the desk sees the effect of the morning's trading before the close, not the next morning.
Because every metric is defined once and computed from one reconciled dataset, the same VaR, sensitivity or P&L figure means the same thing on the trader's screen, in the middle office's checks and in the CRO's pack, which is what removes the daily reconciliation and the disputes that come with it.
It is built Europe-first, around the hubs, products, tenor structures and balancing regimes that define European gas, and around the regulatory expectations of the key EU and UK markets, so the defaults fit the desk rather than needing to be bent into shape.
It is delivered as a managed service by Durga Analytics, with your trading, risk and IT teams involved throughout, so the platform is operated to an SLA rather than left as another system for a stretched internal team to keep alive.
Taken together, these choices turn risk reporting from a nightly artifact into a live service the desk trusts. The same governed numbers drive the trader's intraday screen, the middle office's exception dashboard and the CRO's committee pack, so the whole organisation is finally looking at one coherent, current picture of gas risk.
Why gas risk got harder
European gas has become structurally more volatile and more scrutinised. Supply shocks, changing flow patterns and the coupling of gas and power markets have made intraday moves larger and more frequent, and the cost of being slow to see risk has risen sharply as a result.
Regulators and boards now expect defensible, timely risk reporting, not a spreadsheet assembled the morning after. Yet many desks still run risk on overnight batches and manual packs, which means the numbers people rely on are stale by the time they arrive and expensive to produce even then.
GasRisk360 exists to close that gap specifically for European gas. Rather than a generic risk tool bent into shape, it is built around the hubs, products, tenor structures and balancing regimes of the market it serves, and delivered as an always-on service, so the desk finally has risk visibility that matches the speed at which the market now moves.
The principles behind it
One governed layer
Positions, P&L, VaR, limits and scenarios are computed once from one reconciled dataset and shown to every role, so reconciliation largely disappears.
Intraday first
Data streams in and metrics refresh through the day, so the desk sees the effect of its trading before the close, not the next morning.
Europe-specific
Built around European hubs, products, tenors and balancing regimes, so the defaults fit the desk rather than a generic template.
ETRM-agnostic
Layers onto whatever trade-capture estate you run, adding real-time risk without asking you to replace working systems.
Actionable
Active limits, alerts and credit and collateral views turn measurement into timely, defensible decisions.
Operated for you
Delivered as a managed service to an SLA, with audit trails and automated packs that make defensible reporting the default.
GasRisk360 at each level
The service is organized as four pillars that cover the complete risk reporting lifecycle, from trade and curve integration through to dashboards, alerts and governance.
GasRisk360 is structured around four pillars that together cover the complete risk-reporting lifecycle, from trade and market-data capture through to dashboards, alerts and governance. Each pillar is useful on its own, but they are designed to work as one service so the desk sees a single, coherent risk picture.
The flow runs from getting clean, validated data in, through the market-risk and P&L engine that turns it into numbers, into the limits, credit and collateral views that make those numbers actionable, and finally into the dashboards and alerts that put the right view in front of the right role at the right time.
Trade, curve and market data integration
Everything starts with clean, timely data. GasRisk360 ingests trades in near real time from ETRM and CTRM platforms such as Gravitas ETRM and others, and from exchanges and brokers, covering physical and financial gas contracts, options, structured deals and transport. Alongside trades it takes in the market data that gives them meaning: forward curves, volatility surfaces, FX and the reference data of hubs, calendars and grids. Crucially, none of this is trusted blindly. Data-quality checks, reconciliations and exception dashboards sit at the front of the pipeline, so bad curves and broken feeds are caught and flagged before they can quietly distort a position or a P&L number downstream.
The integration layer is built for near real-time flow rather than overnight batch. Trades arrive from ETRM and CTRM platforms and from exchanges and brokers as they happen, covering the full range of European gas instruments - physical, forwards, futures, options, swing and capacity - so the risk picture reflects the desk's actual book rather than yesterday's snapshot.
Market data is treated with the same seriousness as trades. Curves, volatility surfaces, FX and the reference data of hubs, calendars and grids are ingested, versioned and validated, with data-quality checks and exception dashboards at the front of the pipeline. That validation is not a nicety: a single bad curve point can distort an entire book's P&L, so catching it early is central to the whole service.
- Near real-time ingestion from ETRM/CTRM (Gravitas ETRM and others) and exchanges/brokers
- Physical and financial gas contracts, options, structured deals and transport
- Market-data integration for curves, vol surfaces, FX and reference data (hubs, calendars, grids)
- Data-quality checks, reconciliations and exception dashboards for trades and curves
- Configurable refresh intervals and event-driven recalculation
- Versioned, auditable curve and static-data history
- Snapshot and replay of curves for point-in-time analysis
- Source-level lineage from feed to risk metric
Every risk number downstream is only as good as the data feeding it. Validating trades, curves and market data at the front of the pipeline is what stops a bad feed from quietly corrupting a desk's entire P&L.
Market risk and P&L engine
This is the analytical core. P&L is computed in real time and end-of-day, separating realised, unrealised and carry components, and P&L explain decomposes each move into its drivers - price, volume, FX, theta and model change - so a desk head can see not just that P&L moved but why. Risk is measured with parametric or historical VaR, with sensitivities including delta, gamma and vega, and with scenario analysis for the shocks that matter in gas. Every metric can be aggregated the way the audience needs it: by hub, portfolio, strategy, trader, legal entity and currency, so the same engine serves a trader watching one book and a CRO watching the whole business.
The engine computes P&L in real time and end-of-day, and crucially it explains it. Splitting realised, unrealised and carry components, and decomposing moves into price, volume, FX, theta and model change, turns a P&L figure into something a desk head can interrogate and trust rather than simply accept or dispute.
Risk measurement is equally granular. Parametric or historical VaR, delta, gamma and vega sensitivities, tenor-ladder exposure and scenario analysis are all available and, because they aggregate flexibly by hub, portfolio, strategy, trader, entity and currency, the same engine serves a trader watching one book and a CRO watching the whole business without anyone re-cutting the numbers by hand.
- Real-time and EoD P&L with realised, unrealised and carry components
- P&L explain by driver: price, volume, FX, theta and model change
- Parametric or historical VaR with configurable confidence and horizon
- Sensitivities (delta, gamma, vega) and scenario analysis for gas-specific shocks
- Aggregation by hub, portfolio, strategy, trader, legal entity and currency
- Tenor-ladder and time-bucket exposure views for the curve
- Attribution of P&L to trades, books and desks
- Configurable VaR methodology, confidence and holding period
This is the analytical heart of the service. Computing P&L and risk once, from one reconciled dataset, is what lets trading, middle office and risk finally act on the same numbers.
Limits, credit and collateral visibility
Risk you cannot act on is just reporting. GasRisk360 tracks position, stop-loss, VaR and notional limits with tolerance bands and breach workflows, so the desk sees pressure building before a hard breach and the right people are notified when one occurs. It brings counterparty exposure into the same view, combining mark-to-market, potential future exposure and collateral, and it surfaces margin and liquidity across exchange and OTC portfolios. Where you already run credit and collateral systems, it integrates with them rather than replacing them, so the desk finally sees market and credit risk side by side instead of in two separate worlds.
Limits in GasRisk360 are active, not passive. Position, stop-loss, VaR and notional limits carry tolerance bands and breach workflows, so the desk sees pressure building and the right owners are notified the moment a threshold is crossed, with escalation routing that matches your governance rather than a single generic alert.
Credit and collateral are brought into the same frame as market risk, which is where many desks are weakest. Counterparty exposure combining mark-to-market, potential future exposure and collateral, plus margin and liquidity dashboards across cleared and OTC books, means the desk finally sees market and credit risk side by side, integrated with the credit and collateral systems you already run.
- Position, stop-loss, VaR and notional limits with tolerance bands and breach workflow
- Counterparty exposure combining MtM, potential future exposure and collateral
- Margin and liquidity dashboards for exchange and OTC portfolios
- Integration hooks into existing credit systems and collateral tools
- Escalation rules that route breaches to the right owners
- Historical limit-utilisation trends for review and calibration
- Pre-trade and post-trade limit checks
- What-if limit impact for a proposed trade
Risk you cannot act on is just reporting. Seeing market and credit risk, limits and collateral in one place is what turns measurement into timely, defensible decisions.
Dashboards, alerts and operations
The final pillar turns all of this into something people use every day. Role-based dashboards give Trading, Market Risk, Middle Office and Management each the view they need, on web and mobile. Intraday alerts fire on limit breaches, data breaks, curve gaps and unusual P&L moves, so problems find people rather than waiting to be discovered. Runbooks and integration with ITSM tooling wrap the service in proper incident and change management, and a full audit trail records changes and overrides to key risk metrics, which is exactly what an internal auditor or regulator expects to see.
The presentation layer is where the service meets its users, so it is built around roles. Trading, Market Risk, Middle Office and Management each get the view they need on web and mobile, drawing from the same governed numbers, so there is no gap between the screen the trader watches and the pack the committee reviews.
Around those views sits proper operations. Intraday alerts push breaches, data breaks, curve gaps and unusual P&L to people rather than waiting to be found, runbooks and ITSM integration give incident and change management, and full audit trails on metric changes and overrides make the whole service defensible to an internal auditor or regulator.
- Role-based dashboards for Trading, Market Risk, Middle Office and Management
- Intraday alerts on limit breaches, data breaks, curve gaps and unusual P&L
- Web and mobile-ready cockpits for on-desk and on-the-move use
- Runbooks and ITSM workflow integration for incident and change
- Audit trails for changes and overrides to key risk metrics
- Scheduled risk packs for committees and the CRO, generated automatically
- Drill-down from portfolio to trade level in one view
- Exportable, scheduled reports for stakeholders
Insight only matters if it reaches the right person in time. Role-based views and intraday alerts are what make the difference between catching a problem at 11am and discovering it in tomorrow's pack.
Key differentiators
Many tools can compute a VaR number. What makes GasRisk360 different is that it gives every role one governed, intraday view built specifically for European gas, on top of whatever ETRM you already run, and operated for you as a service.
One governed risk view
Positions, Greeks, P&L, VaR, limits and scenarios in a single governed layer, so trading, middle office and risk stop reconciling and start acting on the same numbers. The practical payoff is that the trader, the middle office and the CRO stop arguing about whose number is right and start acting on a shared one.
Intraday, not overnight
Streaming ETRM, exchange and broker data keeps exposures and P&L fresh through the day, with configurable refresh and event-driven recalculation instead of a single overnight batch. Refresh intervals and event-driven recalculation are configurable, so you tune how live the service is to match the desk's tempo and the cost you want to carry.
Europe-first by design
Built around European hubs, products, tenor structures and balancing regimes, and the regulatory expectations of the key EU and UK markets, so defaults fit the desk. That focus shows up everywhere, from the way tenor ladders are bucketed to the scenarios that ship as defaults, so less has to be reconfigured to fit your desk.
ETRM-agnostic
Integrates with Gravitas ETRM and other ETRM/CTRM platforms, exchanges and brokers, so you keep the trade-capture system you have and add a proper risk layer on top. Keeping your trade-capture system means the change is additive and low-risk: you gain a risk layer without a disruptive ETRM migration.
Delivered as a service
Run by Durga Analytics to an SLA, with your teams involved throughout, so risk reporting is operated professionally rather than left to a stretched internal team. Running it as a service also means the people who designed your metrics are the ones who operate and evolve them, so knowledge does not walk out of the door.
Audit-ready
Full audit trails on metric changes and overrides, plus automated committee and CRO packs, make defensible reporting the default rather than a monthly scramble. Auditors and regulators see a consistent, documented trail rather than a patchwork of spreadsheets assembled under time pressure.
What changes for the business
Indicative shifts our clients target when they adopt GasRisk360. Actual results depend on scope, data quality and starting maturity.
The headline shift is from overnight to intraday: a desk that sees the effect of the morning's trading before the close makes better decisions and catches problems hours earlier. Alongside it, reconciliation effort falls sharply once trading, middle office and risk share one governed set of numbers.
The second shift is in confidence. Automated, auditable committee and CRO packs, generated from the same layer the desk used all day, turn defensible risk reporting from a monthly scramble into a standing capability, which is exactly what regulators and boards want to see.
Success for a risk-reporting service is concrete and worth agreeing early. The most telling measures are how fresh the desk's risk numbers are through the day, how much manual reconciliation between trading, middle office and risk has been removed, how quickly a limit breach or data break is detected and routed, and how much less effort it takes to produce a defensible committee or CRO pack.
Each of these can be baselined against the current overnight-and-spreadsheet process and tracked as coverage extends. Because GasRisk360 keeps an audit trail and generates packs automatically, the evidence for these improvements is a by-product of running the service rather than a separate reporting exercise.
Typical use cases
- Intraday risk cockpit for a European gas trading desk
- Daily risk pack for the Risk Committee and CRO, generated automatically
- Regulatory and internal risk-reporting automation
- Consolidated hub-exposure and tenor-ladder dashboards
- What-if scenario analysis for price shocks and volatility spikes
- Hedging-effectiveness monitoring for physical flow against paper
- Counterparty and clearing exposure tracking across the book
- Liquidity and margin-requirement visibility for treasury and risk
- Stress testing for extreme but plausible market events
Intraday risk cockpit
A gas desk replaces overnight batch and spreadsheets with a live cockpit that refreshes through the day, so exposures, tenor ladder and P&L reflect the morning's trading well before the close.
Automated CRO pack
The daily risk pack for the committee and CRO is generated automatically from the same governed layer the desk uses, turning a manual overnight scramble into a defensible, repeatable output.
Scenario and stress
Risk and management run price-shock and volatility-spike scenarios and stress tests on demand, so the impact of extreme but plausible events is understood before they happen, not after.
Counterparty and margin
Treasury and credit track counterparty exposure, potential future exposure, collateral, margin and liquidity in the same place as market risk, closing a gap many desks otherwise fill with spreadsheets.
Who GasRisk360 is for
- European gas trading desks that need a live intraday risk view rather than an overnight batch and a spreadsheet.
- Market-risk and CRO functions that want one governed set of numbers across trading and middle office, with defensible committee reporting.
- Utilities and trading houses running gas alongside power that want consistent risk metrics across the commodity complex.
- Desks running a legacy or third-party ETRM that is strong on trade capture but weak on real-time, multi-hub risk reporting.
- Middle-office teams drowning in reconciliation between systems who want a single source for positions and P&L.
- Treasury and credit functions that need margin, liquidity and counterparty exposure visible in the same place as market risk.
What each team gets
Traders
An intraday view of hub exposure, tenor ladder and P&L that refreshes through the day, so decisions are made on current numbers rather than last night's batch, with pre-emptive limit signals before breaches occur.
Market risk
Real-time and EoD VaR, sensitivities, scenarios and P&L explain from one reconciled dataset, aggregable by hub, portfolio, strategy, trader and entity, so risk is measured consistently across the business.
Middle office
One governed source for positions and P&L that ends the daily reconciliation tax between systems, with exception dashboards that surface data breaks and curve gaps early.
Credit and treasury
Counterparty exposure with PFE and collateral, plus margin and liquidity dashboards across cleared and OTC books, integrated with existing credit and collateral systems.
Management and CRO
Role-based cockpits and automated, auditable committee packs generated from the same layer the desk uses all day, turning defensible reporting into a standing capability.
Technology
An ETRM-agnostic service that integrates with your existing trade capture, exchanges and market data, deploys cloud-ready or hybrid, and connects to your ITSM tooling for incident and change.
A day with GasRisk360
It is a cold snap and TTF is moving fast. On a spreadsheet-driven desk the traders would be working from last night's positions and guessing at intraday P&L. On GasRisk360 the morning's trades have already flowed in from the ETRM and the exchange, and the hub exposure, tenor ladder and intraday P&L have refreshed several times before lunch.
A stop-loss limit on one book edges into its tolerance band. Rather than surfacing in tomorrow's pack, an intraday alert reaches the book runner and the market-risk officer at once, with the P&L explain already showing that the move is almost entirely price rather than a data glitch, so the conversation is about the position, not about whose number to believe.
At the close, the daily risk pack for the committee is generated automatically from the same governed layer the desk used all day. VaR, sensitivities, limit utilisation and a price-shock scenario are already assembled and reconciled, so the CRO signs off a defensible pack in minutes and the middle office goes home instead of stitching spreadsheets together into the evening.
None of this required a new ETRM or an overnight batch. GasRisk360 sat on top of the systems the desk already ran, kept one governed set of numbers fresh through the day, and made the same picture available to the trader, the middle office and the CRO, which is exactly what turns risk reporting from a rear-view mirror into a live instrument.
How GasRisk360 fits your estate
GasRisk360 is deliberately ETRM-agnostic. It is designed to sit on top of whatever trade-capture and market-data estate you already run - Gravitas ETRM, other ETRM and CTRM platforms, exchanges and brokers - and to add the real-time, multi-hub risk layer that those systems often lack, without asking you to replace them.
Deployment is cloud-ready on Azure, AWS or GCP, or hybrid, and visualisation can use Power BI, Tableau, custom web dashboards or embedded analytics, so it fits your existing reporting stack. Integration with ITSM tooling gives you ticketing, approvals and audit around the service. Most desks start with a single book or hub, validate the numbers against current reports, and then extend coverage across portfolios and entities once trust is established.
What is inside
- Consolidated real-time positions by hub, strategy, book and trader
- Intraday and end-of-day P&L with realised, unrealised and carry split
- P&L explain by price, volume, FX, theta and model change
- Parametric and historical VaR with sensitivities and scenarios
- Tenor-ladder and time-bucket exposure across the curve
- Curve, vol-surface and FX validation with exception handling
- Limit monitoring with tolerance bands and breach workflows
- Counterparty exposure with PFE and collateral visibility
- Margin and liquidity dashboards for cleared and OTC books
- Role-based dashboards for trading, risk, middle office and management
- Intraday alerting on breaches, data breaks and unusual P&L
- Automated committee and CRO risk packs with full audit trail
Positions and exposure
Consolidated real-time positions with hub, tenor-ladder and time-bucket exposure across the curve.
P&L
Real-time and EoD P&L split into realised, unrealised and carry, with P&L explain by driver.
Risk measures
Parametric and historical VaR, delta, gamma and vega sensitivities and scenario and stress analysis.
Market data
Curve, vol-surface and FX validation with reconciliation and exception dashboards.
Limits and credit
Active limit monitoring plus counterparty exposure, PFE, collateral, margin and liquidity views.
Delivery layer
Role-based cockpits, intraday alerting and automated, auditable committee and CRO packs.
Governance and audit
Full audit trails on metric changes and overrides, plus documented calculation logic and controls, so the service is defensible end to end.
How you run it
What it connects to
How it fits your technology estate
GasRisk360 is deliberately built to layer onto an existing estate. It integrates with your ETRM or CTRM - Gravitas ETRM or another platform - and with the exchanges, brokers and market-data providers you already use, so it adds a real-time risk layer without disturbing the trade-capture systems your desk depends on.
It is cloud-ready on Azure, AWS or GCP, or hybrid, and its visualisation can run through Power BI, Tableau, custom web dashboards or embedded analytics, so it slots into your reporting stack rather than forcing a new one. Integration with ITSM tooling brings ticketing, approvals and audit around the service, which is what makes it operable as a governed, supported capability.
Because it is additive and integration-led, adoption can start with a single book or hub and grow. That keeps the initial footprint small and the risk low, while leaving a clear path to enterprise-wide, multi-commodity coverage once the desk trusts the numbers.
Enterprise controls
Where it is going
Intraday VaR, Expected Shortfall, stress, limits, dashboards for European gas.
Expanded scenario libraries and margin analytics.
Cross-commodity coverage and deeper AI-assisted risk.
How we engage
GasRisk360 is delivered as a managed risk-reporting service, with your trading, risk and IT teams involved at every step rather than handed a tool to run alone. The phased approach is designed to build trust in the numbers before the desk depends on them.
It begins with desk discovery and design, mapping current risk processes, reports and controls and aligning GasRisk360's templates with your risk policy. A pilot then connects to your ETRM, exchanges and market data and validates the numbers against existing reports for one or two portfolios, before coverage is extended across the book with SLAs, runbooks and continuous enhancement.
Phase 1 - Desk discovery and design
Map current risk processes, reports and controls, identify key books, hubs, products and metrics, and align GasRisk360 templates with your risk policy and governance.
Phase 2 - Integration and pilot
Connect to ETRM, exchanges and market data, stand up pilot dashboards for one or two portfolios, validate numbers against existing reports and fine-tune calculations.
Phase 3 - Rollout and run
Extend coverage across portfolios and entities, establish SLAs and runbooks, and run GasRisk360 as a steady-state service with continuous enhancements.
Tangible deliverables
- Configured data pipelines from ETRM, exchanges, brokers and market-data providers
- Standardised risk-metric definitions (P&L, VaR, limits, sensitivities, stress scenarios)
- A role-based dashboard suite for Trading, Risk, Middle Office and Management
- Limit and breach monitoring with notification rules and escalation workflows
- An SLA covering data refresh, metric recalculation and incident response
- A documentation pack: data model, calculation logic, controls and operating procedures
- Reconciliation of GasRisk360 numbers against your existing reports during pilot
- Automated committee and CRO risk-pack templates aligned to your risk policy
Data pipelines
Configured, validated pipelines from your ETRM, exchanges, brokers and market-data providers, with reconciliation of GasRisk360's numbers against existing reports during pilot.
Metric definitions
Standardised definitions for P&L, VaR, limits, sensitivities and stress scenarios, aligned to your risk policy and governance.
Dashboard suite
A role-based dashboard set for trading, risk, middle office and management, plus limit and breach monitoring with notification and escalation rules.
Service and docs
An SLA covering data refresh, metric recalculation and incident response, and a documentation pack covering data model, calculation logic, controls and procedures.
Engagement-based and transparent
GasRisk360 is priced by the number of hubs, products, portfolios, users and the SLA you need, from a single-desk rollout up to enterprise-wide, multi-commodity, multi-region coverage with complex legal-entity structures and bespoke regulatory reporting.
Because it is delivered as a managed service, the commercial model covers both the platform and its operation to an agreed service level. Proof-of-concept and pilot pricing is available for qualified desks, volume discounts and multi-year arrangements are possible, and the right starting configuration is agreed during desk discovery rather than quoted blind.
Who is behind GasRisk360
GasRisk360 is delivered by consultants with hands-on experience in European gas and power trading, ETRM implementations and market risk for utilities, trading houses and banks. They have sat with desks and risk committees, which is why the service is shaped around how gas actually trades rather than a generic risk template.
The same team runs the service, so the people who designed your risk metrics and dashboards are the ones who operate and evolve them, with integration and cloud expertise across Azure, AWS and GCP and the major visualisation tools.
- Hands-on European gas and power trading and market-risk experience
- ETRM implementations and integrations across major platforms
- Cloud-ready architecture on Azure, AWS or GCP, or hybrid
- Dashboarding with Power BI, Tableau, custom web or embedded analytics
Frequently asked questions
Which gas markets does GasRisk360 focus on?
It is Europe-first, built around hubs such as TTF, NBP, PEG and THE and the products, tenor structures and balancing regimes of European gas, with regulatory expectations of the key EU and UK markets reflected in the defaults.
Does it replace our ETRM?
No. GasRisk360 is a risk-reporting layer that sits on top of your existing ETRM or CTRM. It integrates with Gravitas ETRM and other platforms, exchanges and brokers, and adds real-time, multi-hub risk and P&L reporting on top of the trade capture you already run.
How intraday is it really?
Trade, exchange and broker data stream in and exposures and P&L refresh on configurable intervals and event-driven recalculations through the day, so the desk sees the effect of the morning's trading well before the close rather than in an overnight batch.
What risk measures are included?
Real-time and end-of-day P&L with P&L explain, parametric or historical VaR, sensitivities including delta, gamma and vega, tenor-ladder exposure and scenario and stress analysis, all aggregable by hub, portfolio, strategy, trader, entity and currency.
Can it handle credit and collateral too?
Yes. It brings counterparty exposure - combining mark-to-market, potential future exposure and collateral - and margin and liquidity dashboards into the same view as market risk, and integrates with existing credit and collateral systems rather than replacing them.
How is it delivered?
As a managed risk-reporting service run by Durga Analytics, with your trading, risk and IT teams involved throughout. It is delivered in phases: desk discovery and design, integration and pilot, then rollout and run against an SLA.
Which visualisation tools can it use?
Power BI, Tableau, custom web dashboards or embedded analytics, deployed cloud-ready on Azure, AWS or GCP or hybrid, so it fits the reporting stack you already have.
Can we start small?
Yes. Most desks begin with one or two portfolios or hubs, validate GasRisk360's numbers against their existing reports, and then extend coverage across the wider portfolio, additional entities and other commodities from there.
How does GasRisk360 relate to Gravitas ETRM?
They are complementary. Gravitas is a full ETRM platform including trade capture, while GasRisk360 is a focused risk-reporting layer that can sit on Gravitas or on another ETRM entirely, adding real-time, Europe-specific gas risk reporting on top.
Can it cover power and other commodities too?
The enterprise scope extends to power and other commodities alongside gas, with consistent risk metrics across the complex, so a desk running gas and power can see both in one coherent framework.
What happens when a data feed breaks intraday?
Data-quality checks and exception dashboards at the front of the pipeline flag broken or stale feeds and curve gaps, and intraday alerts notify the right team, so a bad feed is caught and handled before it distorts positions or P&L.
Can we keep our own risk methodology?
Yes. VaR methodology, confidence level and holding period are configurable, and metric definitions are aligned to your risk policy during design, so GasRisk360 reflects your methodology rather than imposing a fixed one.
How does it support regulatory and internal reporting?
Standardised, auditable metrics and automated, scheduled packs mean regulatory and internal risk reporting is generated from the same governed layer the desk uses, with a full trail of changes and overrides, so reporting is consistent and defensible rather than reassembled each time.
How to begin
A good starting point is a brief overview of your current gas trading setup, the ETRM you run and the risk pain points that matter most. With that, we can prepare a tailored demonstration and a rollout proposal shaped around your hubs, products and risk policy rather than a generic template.
Most desks then begin with a single book or hub, connecting to the ETRM, exchanges and market data and validating GasRisk360's numbers against their existing reports until they tie out. Only once the desk trusts the numbers does coverage extend across portfolios, entities and, where relevant, other commodities.
Because it is delivered as a managed service, the same team that designs your metrics and dashboards operates and evolves them, so you gain a live risk capability without adding a standing platform team of your own.
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