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Commodity/Option Trades are nonfreight derivatives that are traded as hedges to your company's overall exposure. These trades (for example, crude oil, iron ore, and coal) are meant to hedge risk to overall market fluctuations that may impact your commodity desk and in turn, impact the freight book. Commodity/Option Trades can be represented as buys/sells with a simple Quantity and Price. They reference market data for P&L and settlement in the exact same way as FFAs.
Commodity contracts are valued against the quoted forward rates for the route underlying the trade. Commodity Options are not being automatically valued against the underlying routes. Instead, you can create a Market for Commodity Options in which the Option Symbols can be quoted. Each Commodity Option contract will have a unique Option Symbol automatically generated. On the Market Data form, the quoted values of the trades can be recorded for each Option Symbol.
In the Trading module center 
, under Trades, click Commodity/Option Trade.
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The Commodity/Option List is a standard IMOS list, so you can sort it, filter it, do a Quick Search, and create custom Views for it.
In the Commodity/Option List, you can select multiple Commodity/Options and confirm them at once by clicking the Confirm trade(s) link.
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| title | Related Configuration Flags |
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| Name/Flag | Description |
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Paper Trade Periods
CFGPaperTradePeriods | When enabled, paper trades can be created for multiple non-consecutive periods with differing quantities in each period. | FFA Default Counterparty
CFGFfaDefaultCounterparty | Defaults the Counterparty field when a value is entered in the Clearing House field. | Commodity Market
CFGCommodityMarket | Selects the default market used for the pricing of commodities. | Enable Commodity UOM
CFGEnableCommodityUOM | When enabled, Type T units are available for Commodity trades, as defined on Units of Measure in the Data Center. | Enforce Unique Paper Trade Reference
CFGEnforceUniquePaperTradeReference | When enabled, a paper trade must have a unique Reference if populated. | Enable Calculated Routes in Paper Trades
CFGEnableCalculatedRoutesInPaperTrades | Enables the selection of calculated routes and symbols for paper trades. | Link Paper to Paper
CFGLinkPapertoPaper | When enabled, the Linked Trades grid will be visible in the Paper Trade form and users are able to link two paper trades contracts together. | Linked Trade Types
CFGLinkedTradeTypes | Specifies the type(s) of paper trade that can be linked on physical trades. Possible values are FFA, Bunker Swap, CALL Option, and PUT Option. Types should be comma separated. |
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