MAY 16, 2018
BroadPeak Partners (BroadPeak), a data and intelligence solution provider for energy and commodity trading firms, today announced it has formed a strategic partnership with Allegro Development Corp.* (Allegro), a leading provider of commodity trading and risk management (CTRM) software.
In today’s commodities markets, it is common for businesses to build bespoke custom software integrations to solve their data exchange problems. While this method may work in the short-term, it becomes a source of headaches over time due to the resources and level of maintenance required. This is because enterprise software applications that hold a large amount of data require interconnectivity with other applications to ensure agile business processes, the CTRM industry demands a more comprehensive solution.
The partnership between BroadPeak and Allegro addresses market demands for better data connectivity and business intelligence, as well as reducing risk of integration projects by offering both out-of-the-box and customized data integration to the commodity trading and risk management market.
“We are thrilled to announce our expanded partnership with BroadPeak. Our current joint customers are already experiencing exponential benefits; and we look forward to working with BroadPeak to continue bringing a holistic solution to portfolio data management and connectivity,” comments Frank Brienzi, CEO, Allegro
Businesses that utilize Allegro’s software to manage commodity trading and BroadPeak’s data integration solution experience user-friendly interfaces, streamlined data connectivity, and immutable data warehousing, resulting in increased time to deployment and agile portfolio management.
“We are incredibly excited about our partnership with Allegro. From the moment we started this process, we quickly realized that Allegro is intensely focused on helping customers achieve fantastic levels of data connectivity,” comments Gordon Allott, CEO, BroadPeak
About BroadPeak Partners
BroadPeak provides data and intelligence solutions for energy and commodity trading firms, seamlessly connecting trade capture, compliance, risk, valuation, and market-facing systems. With real-time access to exchange data, automated regulatory reporting, and comprehensive position monitoring, BroadPeak enables firms to trade with confidence. With certified connections to over 30 major exchanges worldwide, BroadPeak helps you make faster decisions and stay compliant. Trading, risk, and compliance teams use BroadPeak to eliminate manual data work, reduce errors, and focus on what matters most – profitable trading.
* About Allegro Development Corp. (acquired by ION Commodities)
Allegro is an energy trading and risk management (ETRM) solution uniquely designed for utilities and energy companies trading and managing power and renewables, natural gas, liquid hydrocarbons, and environmental products. Architected to address the specific needs of energy commodities — Allegro has earned a strong reputation as one of the best solutions in the industry for power trading and renewable energy management — with ongoing developments for renewables and certificates to support businesses on their energy transition journey.
