Allegro Development Announces Interface to Trayport(R)'s GlobalVision Trading GatewaySM

Allegro Development - 03.15.2010

Allegro, the leading provider of energy trading and risk management (ETRM) solutions, today announced connectivity though an application protocol interface (API) link to Trayport’s GlobalVision Trading Gateway, providing customers automated trade capture for European energy exchanges and major energy brokerages. With all trade details captured into the Allegro platform in real-time, customers will experience improved efficiency, a reduction in errors and enhanced visibility into their portfolio.

This functionality, offered via Allegro’s Exchange Connect component, provides customers the ability to capture trades seamlessly across multiple commodities, markets and exchanges. Allegro will interface with Trayport’s GlobalVision Trading Gateway platform, which facilitates trade execution on electronic exchanges, including Imarex, Nordpool, OMIP, ICE, EEX, and APX-Endex, as well as OTC brokered transactions via ICAP, Spectron, Tullet Prebon, GFI, TFS, Evolution, Cantor, SSY, and MF Global. Trayport trades and all associated details will be immediately captured by Allegro’s Trade Execution process and made available for position management and valuation.

“We are pleased that Allegro has identified Trayport’s GlobalVision Trading Gateway as the leading provider of consolidated real-time trade data for European Exchange and Broker Markets. Trayport believes incorporating real-time trade information within a risk management system is vital and the API connection between Trading Gateway and Allegro provided via Exchange Connect will therefore be an enormous benefit to energy traders,” said James Davies, Head of Trader Systems Business, Trayport.

“By seamlessly integrating multiple exchanges and transactions into one platform, Allegro’s European customers will obtain key benefits,” states Claire Almond, Allegro’s Alliances Manager for EMEA. “This offering is significant in the ETRM vendor space and will provide the ability to instantaneously access and leverage Europe’s most critical exchange data and capture OTC transactions.”

 

About Trayport Limited

Trayport is the leading provider of software to the global commodity trading community. It develops, deploys and supports quality, resilient software for trading in any asset class worldwide in cleared or OTC markets. Trayport’s GlobalVisionSM software is used by the world’s largest trading companies in high profile markets that include derivative and cash instruments. Founded in 1993, Trayport has offices in London, New York and Hong Kong. Trayport is a subsidiary of GFI Group Inc. ('GFIG' on Nasdaq). More information is available at www.trayport.com.

Trayport® is a registered trademark of Trayport Limited

About Allegro

Allegro is the global leader in energy trading and risk management (ETRM) solutions for producers, refiners, power and gas utilities, commodity traders and commodity consumers. To learn more, visit www.allegrodev.com.

Analysts and members of the media please contact Christie Lindstrom at media@allegrodev.com.

 

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