DALLAS--(BUSINESS WIRE)--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.
About Allegro Development
Allegro is a leading provider of commodity management software for power and gas utilities; refiners, producers and traders of crude oil, refined products, soft commodities and ags; and industrial energy consumers. With more than 30 years of industry expertise, Allegro’s software provides the global intelligence companies need to manage physical and financial positions, and to optimize their assets and portfolios using tools that quantify and mitigate risks. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Dubai, Houston, London, Singapore, Zurich, Kuala Lumpur and Jakarta along with a global network of partners.
