CFEnergía Deploys Allegro’s Cloud-enabled CTRM

MÉXICO CITY, April 5, 2018 – Allegro Development Corp. and Essentia Advisors are proud to announce the successful go-live of Allegro’s cloud-compatible commodity trading and risk management (CTRM) software, Allegro Horizon, for their joint client in México, CFEnergía, the national fuels marketing and trading affiliate of México’s Comisión Federal de Electricidad (CFE). As deregulation of the México energy market continues, Mexican businesses with significant energy commodity exposure must implement proven trading and risk management practices that will enable them to meet challenges and succeed in the new market. Recently, CFEnergía launched an evaluation of technology capabilities that could support the company’s business strategy. The need for a commodity trading and risk management (CTRM) platform that could provide real-time, centralized reporting on energy positions, insight into the various elements of risk exposure, and visibility into profit and loss became apparent. After careful evaluation of multiple CTRM solutions, Allegro’s platform was ultimately selected because of the software’s comprehensive capabilities, proven past performance, easy adaptability to the Mexican Energy Market, and its support for all energy commodities in CFEnergía’s business – natural gas, LNG, refined fuels, and coal. After selecting Allegro’s Horizon platform, the Essentia consulting team was chosen to assist in the… continue reading

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Source: CTRM Center

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