SINGAPORE, Jan. 16, 2019 /PRNewswire-PRWeb/ -- Allegro Development Corp., the global leader in commodity trading and risk management (CTRM) software with advanced analytics, today announced its newest version of the company's agriculture CTRM software, CxC™.
The new software release will provide Allegro's agriculture customers with advanced risk management capabilities, enhanced P&L valuation and reporting, and better management of production to inventory processes. Today, CxC™ offers customers the ability to capture and manage all types of Forex derivatives, flexibly define limits, accurately report end of day valuation, consolidate positions, and manage production plans and actuals all in one system.
"Allegro's CxC™ enhancements were made in response to the current state of the agriculture market, which continues to be affected by ongoing price volatility, political uncertainty, sweeping regulatory changes, and technological advancements," said Frank Brienzi, Allegro CEO. "I am confident that our next-generation CTRM software for agriculture will offer our customers enhanced portfolio management capabilities through greater market visibility and risk management."
Allegro CxC™ has been established as the gold standard in commodity trading and risk management solutions for the soft commodity sector, serving over 30 customers in Asia that represent some of the world's largest trading firms, including Forbes Global 2000 and Fortune 500 Companies. Powered by deep domain knowledge and expertise in the physical commodity markets, the enterprise CTRM platform provides industry-focused solutions that solve today's challenges while enabling greater controls over future growth. With CxC™, customers can streamline their portfolio management processes, automate comprehensive production to inventory process, and gain greater visibility, leading to enhanced trading, logistics, and risk management.
"We've made significant investments in Allegro CxC™ to ensure our customers can properly respond to market volatility, protect margins, and grow their businesses," said Evan Cox, CTO Allegro. "The product's new risk analytics capabilities will give our customers greater control over their portfolios and help eliminate manual processes, which can be a game-changer in the fast-growing APAC market."
About Allegro Development
Allegro is the global leader in commodity management software for companies that buy, sell, produce or consume commodities. For over 30 years, Allegro has delivered position visibility, risk management, comprehensive controls and regulatory compliance through a forward compatible, next-generation architecture that is built for your business. Allegro's proven CTRM software innovation and flexibility, coupled with a strong global network of industry partners, makes its solutions the best on the market for full commodity portfolio management.
Headquartered in Dallas, Texas, Allegro has offices in Houston, Dubai, Jakarta, Singapore, London, and Zurich. To learn more, visit Allegro's website at http://www.allegrodev.com.
SOURCE Allegro Development Corp.
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