ALLEGRO WINS PRESTIGIOUS RISKTECH100® COMMODITY TRADING CATEGORY FROM CHARTIS, MARKING LATEST RECOGNITION FOR CTRM SOFTWARE LEADER
The win serves as further validation of the power and capabilities of Allegro’s energy and commodity transaction risk management software platform.
DALLAS, Nov. 30, 2016 – Allegro Development Corp., a leading maker of commodity trading and risk management software with customers around the globe, has been named the winner of the Commodity Trading category in the RiskTech100® 2017 report from Chartis.
Allegro was chosen as Category Winner following an industry analysis that examined the top risk and compliance technology firms worldwide. For Allegro, which has users in oil and gas production, refining, utilities, chemicals, agriculture and other commodity specialties, the win marks the most recent recognition for our CTRM software. Earlier in 2016, for example, Energy Risk Magazine’s editorial board named Allegro as the Commodity Trading and Risk Management Software House of the Year, while in 2014, CIO Review called Allegro one of its 20 Most Promising Compliance Technology Solution Providers.
“We at Allegro couldn’t be more pleased that Chartis has chosen our CTRM software solution for its Commodity Trading Award this year,” said Frank Brienzi, Chief Executive Officer at Allegro. “After carefully surveying the competitive landscape, Chartis determined that our software stood clear from the field and deserved special recognition for the innovative and powerful product we provide to our customers. This is a team win, and it yet again serves as confirmation that everyone at Allegro is determined to deliver the undisputed, industry-leading commodity trading software platform to the marketplace.”
The Allegro software system, the latest version of which is known as Horizon, offers deal capture, valuation and risk functionalities for a variety of securities, including exchange-traded and OTC futures, forwards, swaps and options, from the simple to the complex. Allegro is built around commodity verticals offering contract-to-cash logistics and settlement for single- and cross-commodity positions. Allegro’s software is a highly configurable and customizable package built to serve the requirements of front, middle and back office personnel by promising them the position visibility, controls, regulatory compliance and risk management they need for efficient and profitable commodity trading.
While it’s designed to offer tremendous capabilities the day it goes live, Allegro can be extended easily depending on a customer’s specific needs. A further testament to its flexibility is the fact that Allegro can be installed either on site or operated as a cloud-based implementation.
The RiskTech100 Awards dinner, where Allegro received the Commodity Trading Award from Chartis, was held in New York on Nov. 9, 2016, following the first day of the Risk USA 2016 Conference.
Chartis is the leading provider of research and analysis on the global market for risk technology and is part of Incisive Media which has market leading brands such as Risk and Waters Technology. Chartis’ goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
RiskTech Quadrant®, RiskTech100® and FinTech Quadrant(TM) are registered trademarks of Chartis Research (http://www.chartis-research.com).
Allegro, based in Dallas, develops and markets integrated commodity management software, providing position visibility, risk management, comprehensive controls and regulatory compliance. Allegro customers manage commodities from production to consumption, including oil and gas production, petroleum refining, agriculture and forestry, mining, chemicals, metals, food, transportation, commercial and utility sectors. Allegro’s software is tailored to the specific needs of each commodity, with a comprehensive set of features and functions to support profitable decisions.
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