An ETRM software for energy trading developed by Allegro and acquired by ION in 2019.
Allegro ETRM is an energy trading and risk management solution tailored for utilities and energy companies. Acquired by ION Group in 2019, this software supports a range of commodities like power, renewables, natural gas, liquid hydrocarbons, and environmental products. Keyeatures include a unified platform for managing positions, risk, and compliance, integration with advanced analytics for insightful decision-making, and an extensible framework adaptable to specific business needs.
Allegro can be tailored and expanded alongside business growth, offering a suite of additional modules to enhance its capabilities and automate processes. This includes features for data automation, risk mitigation, modernizing technology, and test automation, ensuring comprehensive management of energy transactions from deal to cash.
We’ve been working with Allegro since 2008, using its platform to manage our hedging program to mitigate our fuel price risk. When the time came to upgrade our legacy fuel management system, it made sense for us to evaluate Allegro’s capabilities to manage our physical jet fuel business on an integrated platform. Choosing Allegro more closely aligns our initiatives to minimize business costs and maximize profits.
Before Allegro, we operated primarily on spreadsheets. Using Allegro has really helped us to highlight and pinpoint certain areas where we can do better, for example, credit exposure. If I could describe Allegro, I would say it’s scalable and innovative. It moves with our business.