Global Leader in International Trading and Logistics Selects Allegro
8 to Manage its Natural Gas Trading Operations
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
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
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150924005781/en/
Copyright Business Wire 2015
Source: Business Wire
(September 24, 2015 - 9:24 AM EDT)
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