Robust Tools for Analysis and Reporting of Hedge Accounting and Fair Value Disclosures

Dallas, Texas, November 16, 2009 – Allegro, the leading provider of energy trading and risk management (ETRM) solutions, today announced the release of Hedge 8.1, a significant upgrade to the Allegro 8 platform. This component was developed to assist with hedge accounting and fair value disclosure requirements by providing robust and advanced tools for analysis and reporting. Fully integrated with the balance of the Allegro solution, Hedge 8.1 provides the control, accuracy, timeliness and security required to certify financial reports with confidence.

Allegro’s advanced analytical tools help companies alleviate the complexity and risk associated with hedge accounting. Developed with the most recent global regulatory standards in mind, the new component has the ability to analyze the past and future effectiveness of hedges, and insure compliancy with U.S. and other international regulatory accounting requirements.

Allegro’s Hedge 8.1 component enables analysis and reporting for Financial Instrument Management, Currency Management, Interest Rate Management, Fair Value Management, Fair Value Option Management and Disclosure Management. Among the many benefits, Hedge 8.1 has the ability to:

• Establish recognition, measurement standards and compliance requirements for financial and derivative instruments for financial instrument management (FAS 133)
• Create understanding and accounting treatment for currency financial and derivative instruments for currency and interest rate management (FAS 133, IAS 39, IAS 21)
• Apply/analyze the effect of your company’s decision to apply the fair value option to their assets, liabilities and earnings for fair value and fair value option management (FAS 157 and 159)

"At CommodityPoint, we've seen hedge accounting gaining in importance in this market. Commodity trading companies are increasingly adopting hedge accounting programs in order to better control swings in their financials that can occur during periods of high price volatility," according to Patrick Reames, Vice President of CommodityPoint. “Allegro's Hedge 8.1 provides the key functionality that is necessary for commodity trading organizations to properly implement and manage an effective hedge accounting program."

“We spent a great deal of time looking at the changing landscape of hedge accounting standards,” said Michael W. Hinton, Allegro Chief Marketing Officer. “We also solicited customer feedback on the challenges they’re facing in today’s markets, and as a result, we believe we have the most comprehensive, fully integrated hedge accounting solution available.”

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.