New Product Structures IM Market Data for Real-Time Intraday Valuation in Energy Markets

DALLAS, TX and JERSEY CITY, NJ, December 12 – Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, and Pivot Inc., a leading provider of instant messaging and liquidity management software to the financial and commodity markets, announced today the release of Trade Connect 8.1, which provides efficiency around OTC trading processes and improves visibility into company positions with intraday pricing and real-time position valuation.

Instant messaging (IM) is one of the most common forms of communication between traders in OTC energy markets. A component of the Allegro 8 platform, Trade Connect 8.1 automatically imports intraday pricing data from instant messages and other sources to provide visibility into all real-time streaming bids and offers for energy markets. Trade Connect transforms unstructured instant message trading chats into structured trade data which can be used to drive real-time portfolio valuation, rapidly create trades, and better manage risk.

“Automating the import of intraday pricing gives an entire organization real-time visibility into critical market and trading information which can then be used to gain advantage in the market,” said Allegro Chief Customer Officer, Michael Hinton. “Traders can also use this streaming data to quickly create trades with simplified trade entry and limited data input. This allows traders to save time, improve accuracy, and spend more of their time seizing profitable trading opportunities.”

The Allegro Trade Connect component provides an interface to Pivot 360™, which streamlines OTC liquidity management and trading communications via instant messaging. Through this integration, instant messages processed via Pivot 360 are streamed directly into the Allegro platform, transforming these one-to-one communications into higher value enterprise data.

“Today, many trading organizations have limited visibility into intraday prices, which need not be the case,” said John H. Eley, CEO of Pivot Inc. “Trade Connect was developed to address this deficiency and improve the accuracy of portfolio valuations as well as the robustness of trading and risk management across entire enterprises.”

Alegro Product information is available on the Allegro web site at: http://allegrodev.com/connectivity/trade-connect-81