Chartis Research Recognizes Allegro
DALLAS, April 8, 2017: – Allegro Development Corp., a leading provider of commodity trading and risk management software, was named a RiskTech Quadrant® category leader in a new report from Chartis Research detailing the capabilities of 20 firms in energy trading risk management.
Specifically, their Energy Trading Risk Management Systems 2017 report recognized Allegro for its strengths in physical analytics, regulation and reporting, and risk and asset class coverage, which, combined with a number of other attributes, landed the company in the upper echelon of vendors.
To determine the category leaders, Chartis examined the completeness of each vendor’s product offering, as well as their market potential. Only three energy trading and risk management firms in the survey achieved the designation of category leader.
The entire report is available to Chartis subscribers. This, and an executive summary available to all interested parties, can be downloaded from the Chartis Research website at chartis-research.com.
These companies, according to Chartis, are the software vendors that have “the necessary depth and breadth of functionality, technology and content, combined with the organizational characteristics to capture significant market share by volume and value. Category leaders demonstrate a clear strategy for sustainable, profitable growth, matched with best-in-class solutions.”
Additionally, category leaders are marked by the impressive range and diversity of their products, along with their sector coverage and financial strength, which positions them to better cope with volatility in a particular commodity or region. Brand awareness, global reach, strong alliances with consultants, extensive domain knowledge and a commitment to continuing innovation also set the category leaders apart, the report said.
In its report, an update to Energy Trading Risk Management Systems 2014, Chartis noted several key shifts in the market for energy trading and risk management software in recent years, namely the move toward physical asset management, a series of critical changes within the energy market itself and an increase in pressure from regulators.
“Historically, energy trading has been a complex market with a wide range of often highly specialized players,” the report said. “However, recently , the makeup of the market has been changing – both in terms of the players involved, and the nature of the ETRM solutions they need.”
For Allegro, the RiskTech Quadrant® honor is the latest of its many achievements and awards over the years. Only recently, Chartis chose Allegro as the winner of the Commodity Trading category in its RiskTech100® 2017 report.
Sidhartha Dash, Research Director at Chartis
“Although the market for energy trading risk management software has many participants, only a handful of vendors can be classified as true leaders in the category. Allegro is one of the clearly exceptional providers, earning it entry into our most select area of the RiskTech Quadrant® in 2017. As we examined the entire ETRM industry, Allegro was a standout in a crowded arena owing to its overall coverage and energy expertise.”
Frank Brienzi, CEO of Allegro
“We are thrilled that Chartis, through the analysis so clearly and carefully laid out in its report, has further validated the business value of Allegro’s commodity management software by placing us so highly in the RiskTech Quadrant®. Despite the recent challenges facing the commodity markets, our team experienced a solid 2016, and our dedication to our product is reflected in these findings. This acknowledgement reinforces what we at Allegro know and what we promise our customers and partners: Our software is an extraordinary platform for managing risk and making operations, from front office to back office, more efficient and financially sound.”
In addition to the Energy Trading Risk Management Systems 2017 report, Chartis also produced a detailed view of Allegro and its solution. Chartis subscribers may access the Allegro vendor highlights at chartis-research.com.]
About Chartis Research
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. Further information is available at chartis-research.com.
RiskTech Quadrant®, RiskTech100® and FinTech Quadrant™ are registered trademarks of Chartis Research.
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, in fields such as utilities, oil and gas production, chemical manufacturing, petroleum refining and agriculture. Allegro’s software is tailored to the specific needs of each commodity, with a comprehensive set of features and functions to support profitable decisions. Allegro is based in Dallas, and it maintains offices in London, Singapore, Calgary, Dubai, Houston, Jakarta and Zurich, along with a global network of partners.
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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/.