How does Novaex calculate Mark-to-Market P&L?

Novaex values all open positions — physical inventory, futures, options, forwards, and FX — using real-time pricing from LME and MCX. The platform calculates unrealized P&L by comparing current market values against trade prices, with full support for different valuation methodologies including last trade, bid/ask mid, and settlement prices.

Can Novaex provide intraday MTM reporting?

Yes. Unlike traditional end-of-day batch processes, Novaex calculates MTM continuously in real-time. Traders and CFOs can see the P&L impact of market movements and new trade entries instantly, enabling faster decision-making.

Does MTM reporting include FX exposure?

Yes. Novaex integrates FX rates alongside commodity prices to provide fully currency-adjusted MTM valuations. This is critical for firms trading LME (USD-denominated) while operating in INR or other local currencies.

Mark-to-Market Reporting

Know Your Real P&L — In Real Time

MTM reporting in commodity trading is typically an end-of-day batch process built on spreadsheets, leaving traders and CFOs blind to intraday P&L movements. Novaex delivers continuous, integrated Mark-to-Market across physical and financial positions with live LME and MCX pricing.

Last updated: February 2026By Novaex Team

The End-of-Day Blindspot

Most commodity firms calculate MTM once per day — at best. By the time the numbers land on your desk, markets have already moved. Worse, reconciling physical inventory valuations with financial hedge positions is a manual nightmare when data lives in separate systems. Traders make decisions on stale numbers. CFOs discover P&L surprises after the fact. Risk managers cannot see intraday exposure shifts. The result is slower decision-making, higher operational risk, and missed opportunities.

How Novaex Transforms MTM Reporting

Real-Time MTM Valuation

Live Mark-to-Market across physical inventory, financial hedges, and FX positions using real-time LME and MCX pricing. Valuations update continuously as markets move, not in end-of-day batches.

Integrated P&L Attribution

Break down P&L by metal, contract type, trading desk, and time period with full attribution analysis. Understand exactly what is driving your gains and losses at every level of granularity.

Multi-Currency Support

Automatic FX conversion between USD, INR, and other currencies with real-time exchange rate integration. See MTM in your reporting currency with full transparency into FX impact on P&L.

Custom Reporting Periods

Generate MTM reports for any time period — intraday, daily, weekly, monthly — with comparative analysis. Compare current valuations against any historical snapshot to track performance trends.

Platform Benefits

Why Real-Time MTM Changes Everything

Move from end-of-day guesswork to continuous P&L visibility across your entire commodity portfolio.

Intraday Visibility

See P&L impact of market moves and new trades instantly, not at end-of-day. Traders and CFOs gain real-time awareness of portfolio performance as it happens.

Unified View

Physical inventory, financial hedges, and FX exposure valued in one integrated report. No more reconciling between separate position books and spreadsheets.

Audit Trail

Every valuation is traceable to its source price, timestamp, and methodology. Full transparency for internal controls, external audits, and regulatory reporting.

Automated Reconciliation

Eliminate manual reconciliation between physical and financial position books. Novaex automatically matches and values positions across all asset types in a single calculation.

Frequently Asked Questions

Get Real-Time MTM Reporting

Replace end-of-day batch processes with continuous Mark-to-Market valuation. Clients can expect integrated P&L across physical inventory, financial hedges, and FX exposure — powered by live LME and MCX pricing.