“Allegro demonstrated the ability to handle the unique aspects of our coal business, including managing multiple coal types and qualities, logistics across multiple methods of delivery, the need for real-time data, and comprehensive reports around pricing, value, and risk, all on a single platform.”

SUEK AG

Allegro Development Announces Seamless Connectivity to Price Feeds from Leading Data Providers with Price Connect 8.1

Only ETRM Solution to Deliver Automated, Instantaneous Visibility to the Best Available Current, Futures and Forward Price Data

DALLAS, TX, July 15, 2009 – Allegro, the leading provider of energy trading and risk management (ETRM) solutions, has announced the release of Price Connect 8.1, an innovative enhancement within the Allegro 8 platform that provides a standardized interface to automatically connect to multiple market data providers and provide instantaneous visibility to the best available current, futures and forward price data.

Dynamic markets and daily alterations in exchange platforms and specifications require trading horizons to extend further forward than ever.   Forward curve data has always been difficult to acquire and complicated to handle, often requiring spreadsheet management prior to being inserted into the transaction system. Allegro’s Price Connect 8.1 presets the handling of complex forwards data into forward curves. By providing a standardized interface to automatically connect to multiple market data providers, Price Connect 8.1 simplifies the price data management process, taking a once difficult task and making it easy to generate forward curves, evaluate positions and manage your business with complete confidence and accuracy across all business areas.  Price Connect 8.1 provides a simple, configurable interface to customize price feeds from Platts, LIM, GlobalView and Bloomberg, and includes interest rate data and futures currency exchange rates.

Key Benefits of Price Connect 8.1 include:

  • Instantaneous visibility of positions to best manage company profitability
  • Reduced data entry errors through eliminating manual processes or spreadsheets
  • Consistent price and market data across all business areas ensuring accuracy and compliance confidence
  • Audit capability to ensure accuracy and compliance requirements of source data used to measure derivative valuations
  • Simplified price data management completely integrated with the Allegro 8 platform

In order to participate effectively in today’s rapidly changing and volatile markets, traders and risk managers need the most up-to-date, transparent view of pricing data. Price Connect 8.1 equips users with the tools they need to manage their risk and ensure the most accurate representation of their business.

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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