Allegro Voted Best Commodity Trading System
Allegro’s CTRM software ranks number one commodity trading system in 2019 Risk.net Risk Markets Technology Awards
LONDON, Nov. 28, 2018: Allegro Development Corp., the global leader in commodity trading and risk management solutions coupled with advanced analytics, announced today it has been named the top commodity trading system in the Risk Markets Technology Awards 2019.
After examining the capabilities of ETRM software companies from around the world, Risk.net announced that Allegro had earned the outright top placement in the commodity trading system category.
This year, Allegro has also earned the number one placement in the EnergyRisk Software Rankings in the following categories:
- Preferred system
- Best at integrating with other systems
- Governance, risk and compliance
- Trade surveillance
- Freight trading
- Overall ease of using system
- Portfolio management
- Post-trade services
- Regulatory Compliance (ie Dodd-Frank, Remit)
Allegro has always been the innovator and product leader in the ETRM and CTRM software market. The company has garnered the top position in more than 30 other Energy Risk survey categories over the past 8 years.
“The fact that Allegro has consistently been voted the best commodity trading and risk management provider in industry awards and surveys is testament to our unsurpassed innovation and product diversity,” said Frank Brienzi, CEO, Allegro. “Our recent acquisition of FEA further differentiates the value of our product to our clients. The Allegro team looks forward to continuing to lead the charge in providing the industry with comprehension risk and commodity management solutions that drive customer success. ”
Risk.net has two sets of awards that recognize the work of technology vendors in the derivatives, regulation and risk management markets. The Markets Technology Awards focus on market risk, trading and investment risk technology and are announced every November. The second set of awards – the Risk Technology Awards – are for vendors of ERM, credit and operational risk software, and are announced every June.
The Risk Markets Technology Awards bring together a complete cross-section of the market: alongside technology vendors are sell-side salespeople and traders, buy-side portfolio and risk managers, quants, exchanges, trading platforms and clearing houses, law firms and more – recognizing their achievements, and those of the industry as a whole. To learn more, visit www.risk.net.
About Allegro Development Corporation
Allegro is the global leader in commodity management software for companies that buy, sell, produce or consume commodities. For over 30 years, Allegro has delivered position visibility, risk management, comprehensive controls and regulatory compliance through a forward compatible, next-generation architecture that is built for your business. Allegro’s proven CTRM software innovation and flexibility, coupled with a strong global network of industry partners, makes its solutions the best on the market for full commodity portfolio management. Headquartered in Dallas, Texas, Allegro has offices in Houston, Dubai, Jakarta, Singapore, London, and Zurich.
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About ION Group
ION Group provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their business for sustained success through continuous innovation. For more information, visit https://iongroup.com/.
About ION Commodities
ION Commodities delivers data-driven energy and commodities trading and risk management solutions across the supply chain. Our scalable ETRM and CTRM solutions equip clients to use real-time risk analytics and reporting, minimize supply chain risks, automate critical business processes, and make faster, more informed decisions. We provide full support and transparency for procurement, supply, and trading to a global community of over 1,200 clients. For more information, visit https://iongroup.com/commodities/.