| Allegro Announces Enhanced Credit Risk Management Functionality |
Integrated Rating Agency Data to Monitor Daily Collateral, Margin, and Liquidity RequirementsDALLAS, TX, August 4, 2010 – Allegro Development, the leading provider of energy trading and risk management (ETRM) systems, announced today the release of Credit Connect 8.1, a new component of the Allegro 8 platform that provides real-time access to credit and financial data, including credit ratings, company financials, credit metrics, market implied ratings, credit default swap (CDS) pricing, and other key credit data for portfolio analysis.“With today’s tight credit markets, commodity price volatility, and heightened counterparty risk, companies need real-time credit risk management across all commodities and business transactions,” said Michael Hinton, Allegro’s Chief Customer Officer. “Allegro automates the retrieval of current rating agency data, reduces the time needed to analyze credit-adjusted financials, and identifies outliers on specific performance metrics. Our customers gain a competitive advantage in mitigating credit risk and making critical portfolio decisions. “ Allegro’s Credit Connect 8.1 automates the import of credit rating data, fundamental data, and business entity information from Interactive Data Corporation. Risk managers can easily monitor up-to-date collateral, margin and liquidity requirements, access Moody’s, S&P and Fitch ratings data, and construct credit risk scoring models. Credit Connect works with Allegro’s Credit 8.1, which allows firms to evaluate and manage current and future exposure between counterparties. Allegro’s credit components are fully integrated with more than thirty business components in Allegro 8 for trading, risk management, operations, logistics, optimization, systems integration, and accounting. About Interactive Data CorporationInteractive Data Corporation is a trusted leader in financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to our fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics, desktop solutions and web-based solutions. Interactive Data’s offerings can help clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data is headquartered in Bedford, Massachusetts and has more than 2,400 employees in offices worldwide. Pricing, evaluations and reference data are provided in the U.S. through Interactive Data Pricing and Reference Data, Inc. and internationally through Interactive Data (Europe) Ltd. and Interactive Data (Australia) Pty Ltd. For more information, please visit www.interactivedata.com. About Allegro Development
Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 27 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities. Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners. For further information please contact Christie Lindstrom at media@allegrodev.com or +1.214.237.8117.
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