Allegro, the leading provider of energy trading and risk management (ETRM) solutions, announced today that it has received top rankings in a number of key categories in the annual Energy Risk Magazine Software Survey. Allegro took first place in Market Risk for Gas and in Physical and Financial Integration, and second for Best Overall ETRM Platform and Market Leader of ETRM Systems.
Allegro, among 34 vendors named in the survey, also garnered top rankings in Trade Capture, Straight Through Processing, Preferred System, Integration of Different Data Sets, and Best Knowledge of the Market. The results are based on a survey of ETRM end users from energy trading companies, oil/gas houses, hedge funds, utilities and energy producers. The poll assesses vendor solutions based on functionality, usability, performance and reliability.
âAs evidenced by the survey results, Allegro is trusted by the market to understand the importance of delivering a fully integrated physical and financial platform to meet the needs of energy companies,â said Stella Farrington, Editor of Energy Risk Magazine. âTheir focus on providing robust risk management tools for todayâs gas markets has also paid off, with customers voting them as the top vendor for risk solutions in the gas markets.â
âFor 25 years, Allegro has been committed to bringing value to our customers through innovative solutions that enable more effective participation in commodity markets, help mitigate risk exposure and provide transparency into operations across the enterprise,â states Eldon Klaassen, CEO of Allegro Development. âThis recognition among end users is a testament to our offering and our ongoing ability to meet the unique and ever-changing needs of the energy industry.â