TOKYO--(BUSINESS WIRE)--Allegro Development Corporation, a leading provider of commodity management software, and NTT DATA Financial Solutions (NDFS) today announced a partnership agreement to expand Allegro’s Asia Pacific commodity management offering to Japanese energy and commodity trading companies.
NDFS provides IT solutions including transaction and risk management for market financial products, as well as market services, which include pricing model development for financial products, consulting, research and development.
The partnership will combine Allegro’s commodity management solutions with NDFS’ extensive market, IT and risk management implementation services. The joint offering allows Japanese companies the ability to implement Allegro’s world-class trading and risk management platform with confidence leveraging the deep subject matter expertise of NDFS’ professional services team.
“The partnership with NDFS provides the opportunity to help Japanese companies elevate their trading operations with effective risk mitigation to sustain the energy market’s liberalization,” said Mr. Jonathan English, Managing Director of Allegro EMEA. “We’re excited to work together and contribute our expertise to the Japanese market.”
Mr. Ken Tsuchihashi, CEO of NTT DATA Financial Solutions Corporation, stated, "NDFS and NTT DATA have been interested in Commodity Management solutions for some time. And now we understand Allegro's sophisticated commodity trading and risk management system, which is a new area apart from the financial market solutions we have developed. When the opportunity arose to collaborate with Allegro Development, we knew this would be a winning combination in Japan."
About NDFS and NTT Data
NTT DATA Financial Solutions [NDFS] is one of the few companies providing advanced market solutions by fusing financial engineering, which was developed from rocket engineering, and reliable IT technologies, which have been accumulated from the financial system developments. NDFS provides not only IT solutions such as transaction and risk management for market financial products but also other various one-stop services in the market field including pricing model development for financial products, consulting, and research and development. Visit www.nttdata-fs.co.jp (Japanese) to learn how our consultants, projects, managed services, and outsourcing engagements deliver value for financial services businesses. For further information please contact NTT DATA Financial Solutions Corporation Planning Department ETRM-CS@nttdata-fs.co.jp.
NTT DATA is a leading IT services provider and global innovation partner with 76,000 professionals based in over 40 countries. NTT DATA emphasizes long-term commitment and combines global reach and local intimacy to provide premier professional services, including consulting, application services, business process and IT outsourcing, and cloud-based solutions to the financial services sector. We’re part of NTT Group, one of the world’s largest technology services companies, generating more than $100 billion USD in annual revenues, and partner to 80% of the Fortune Global 100.
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 agriculture; 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.