LOTOS Goes Live with the Allegro 8 Platform for Energy Trading and Risk Management

Poland’s integrated oil company goes live with the Allegro 8 platform to manage international trading operations ZURICH, May 19, 2015 – Allegro Development Corporation today announced that Grupa LOTOS SA has completed the implementation of the Allegro 8 platform to manage its international crude oil and refined products trading operations. LOTOS is a vertically integrated oil company based in Gdansk, Poland. The Allegro 8 Platform facilitates both the growth of LOTOS’ trading organisation operations and integrated financial risk management processes. Leveraging Allegro, LOTOS now has the capability to: Streamline trading processes including physical and financial positions; Manage market price and credit exposure and create dedicated reports for wider financial risk management purposes; Efficiently manage the transport and storage of crude oil and refined products across vessel, rail and pipeline; and Manage complex transactions and pricing using market data interface. “We are satisfied with Allegro’s highly flexible, integrated and technically efficient solution and recognize its high potential for further development. It has enabled us to optimise existing business processes – and introduce new ones – within the commodity trading and financial risk management area,” said Łukasz Kwiatkowski, Grupa LOTOS SA Head of Financial Risk Management. “Allegro’s solution provides us with a … continue reading

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Source: CTRM Center

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