DALLAS, March 18 -- Allegro, a leading energy trading and risk management (“ETRM”) solutions provider has released its latest version, Allegro 8.0. After nearly two and half decades of delivering leading-edge solutions, Allegro has unleashed the power of grid computing in conjunction with a platform for standardized integration components to the world’s commodity exchanges, market data providers and enterprise platforms. Traders and risk managers can now leverage Allegro 8.0’s Interactive Transaction Environment (ITE) to simulate transactions, optimize portfolios, and execute strategies to live markets. Grid computing, integration with renowned market data providers and commodity exchanges, and proven Allegro solutions enable instant transparency and real-time optimization.

Distribute your CPU Load on a Grid

Allegro 8.0 reaps the benefits of grid computing, which allows a network of distributed computers to work in unison, providing real-time valuation, scheduling, and settlement. Businesses can more easily scale processing capabilities to match growing portfolios. Traditional batch processes are replaced with Allegro 8.0 utilizing grid computing to perform valuations in real-time on a continuous basis. Profit and loss data, counterparty exposure, and market exposure are instantly displayed for risk managers, schedulers, and traders, enabling complete transparency of every impact to their portfolios.

Eldon Klaassen, Allegro CEO, stated, “Allegro 8.0 brings traders and risk managers into a new interactive paradigm where live markets, trader’s intuition, underlying portfolios, and robust analytics collaborate to highlight opportunities. Allegro 8.0 provides the platform enabling customers’ tools and connectivity to manage their business on a higher level.”

Using Standardized Integration Components to Capture Market Behavior and Leverage Enterprise Platforms

Allegro 8.0 delivers a platform for standardized integration components into the marketplace and clients’ enterprise systems, along with partner developed integration components that provide direct connectivity to sources like Platts, Logical Information Machines (LIM), integration with SAP, and commodity exchanges.

Designing Environments to Leverage Business’ Intuition

Allegro 8.0’s ITE enables traders and marketers to view existing positions and to dynamically optimize them based upon live markets. Profit & Loss, Value at Risk (VaR), Mark to Market (MtM), exposure and other metrics are continuously updated. Optimized scenarios are ranked and allow the user to quickly identify the most profitable outcomes. Optimal scenarios can be transformed into strategies with a single click. Strategies consist of actual and hypothetical legs, and can be dynamically simulated to view affects of price movements, varying volatilities, and other variables. Once a strategy is approved, unfilled legs of the strategy are delivered to Allegro 8.0’s interactive order execution.

Deep Energy Experience Continues to Drive Functional Enhancements

Allegro 8.0, the latest evolution of Allegro’s widely deployed ETRM solution contains many enhancements that meet the specific needs of energy and commodity businesses. Electricity retailers, traders, consumers and utilities have access to powerful load forecasting tools utilizing historical data and variable scalars. Natural gas and power businesses have the ability to capture and value capacity deals. Crude, coal, bunker fuel, and grains companies can include multiple products and locations in a single shipment on vessels, trucks, and railcars.

Allegro 8.0’s new Option Calculator enables users to quickly calculate “Greeks” and valuations for complex spread options while simulating market movements. Outputs can be viewed graphically or in tabular formats. Reconciliation of book-outs is smoothed by setting varying payment terms on different accounts, facilitating string and circular settlement requirements. All this functionality is deployed utilizing a familiar look and feel, such as the ribbon toolbar that is also utilized in Microsoft Office 2007.

Allegro knows that commodity markets and customer needs are unique. Allegro’s solutions are designed to meet those specialized demands while allowing flexibility to adapt to ever changing markets and business processes.

About Allegro

Allegro is a leading provider of energy trading and risk management (ETRM) software solutions. Allegro provides transparency and efficiencies across the front, middle, and back offices, by leveraging advanced technologies like service-oriented architecture (SOA), grid computing, .NET, and Web services. With more than 23 years of steady growth and deep industry knowledge, Allegro is here to stay. Our ETRM software solutions support some of the largest energy and trading companies worldwide, encompassing all energy commodities. Allegro equips customers with the right tools to solve daily challenges. Allegro is headquartered in Dallas, and serves customers worldwide with offices in Calgary, Houston, London, Singapore and Zurich. To learn how Allegro can deliver to you a measurable return on investment, visit www.allegrodev.com.

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Source: Allegro