Trafigura Deploys Allegro for Commodity Trading Risk Management
Global Leader in International Trading and Logistics Has Deployed Allegro 8 to Manage its Natural Gas Trading Operations
DALLAS, Texas, September 24, 2015 – Allegro Commodity Management, a leading provider of commodity trading risk management (CTRM) software, announced today that Trafigura has deployed the Allegro platform to support the management of its natural gas trading business.
Trafigura is a global leader in international commodities trading and logistics, with offices in the Americas, Europe, Africa, the Middle East and Asia Pacific. The company has operations across multiple lines of business including trading for oil and petroleum products, metals and minerals, and logistics, including shipping and chartering.
Trafigura sought a solution to scale their business to include natural gas trading and needed the capability to automate processes, generate accurate reports and gain transparency across their portfolio, while seamlessly integrating with existing systems. They selected Allegro after evaluating the possibility of building the system internally, due to the unique complexities of the natural gas market and Allegro’s proven track record in this industry vertical.
Leveraging Allegro, Trafigura has the capability to:
• Manage the physical gas business, including contracts, trades, scheduling, position reporting, inventory valuation and settlement;
• Execute comprehensive risk and exposure reporting for physical and financial transactions;
• Understand credit exposure and availability in real-time; and
• Access all data across their natural gas business in a single system.
Allegro 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 software is tailored to the specific needs of each commodity, with a comprehensive set of features and functions to support profitable decisions. Allegro is headquartered in Dallas, with offices in Calgary, Dubai, Houston, Jakarta, London, Kuala Lumpur, Singapore, Sydney and Zurich.
For more information, please visit www.allegrodev.com or contact Samantha Johnston at firstname.lastname@example.org or +188.8.131.5249.