The user's workspace is divided into three areas: Cash Prices, Futures Prices and Hedging Models. Each area is represented by a tree structure with different operations available for folders and terminal nodes. Operations are available via a left mouse click while hovering over the item.
Cash prices are user-supplied. A logged-in user can add and delete folders and data. Cash price data comes from imported user-provided Excel files, or prices extracted from the HedgeSmart database, or prices imported from public sources.
Futures price are HedgeSmart supplied. They can viewed, graphed, printed, and captured as CSV files for further analysis. The futures prices tree and its data are read only and the data are updated daily.
Hedging models are created as a combination of cash and futures prices with an objective of determining the price risk protection afforded by the combination. Each model consists of a hedge target and hedge vehicles. The hedge target is composed of cash prices. Hedge vehicle(s) is (are) the futures contracts used for hedging the target. The hedge targets and vehicles are added to the model by dragging files from the cash price tree and futures price tree and dropping them on the model box. The model also allows the user to specify coefficients for the hedge target and to control sampling and hedge cycle parameters. Models are added to the tree within the session but must be saved by t he user for use in additional sessions.