Allegro Targets Metals, Raw Materials and Mining

A couple of weeks ago, Allegro announced its entry into the metals & mining space. Timed to coincide with LME week, the announcement rounded out a year of intense work to ready Allegro Horizon for the specifics of the market, Brian Collins, MD Metals for Allegro told me today. The initial focus for Allegro has been identifying the specific additional requirements to meet the needs of the metals and mining market followed by a period of development effort in order to ready the product. Being a cross commodity CTRM solution, much of what was required to support metals was already in the Allegro platform, he told us. The early development work was focused on refined metals and LME specifically with enhancements made to handle warrants, inventory and other LME-specifics, Mr. Collins said. The product is currently capable of meeting the needs of those engaged in derivative trading and hedging on LME/CME/SHFE, refined metals logistics, inventory management, trading and so on. However, by the end of 2018, Allegro will have its design and prototypes ready for concentrates and raw materials. The development efforts in 2019 will focus on building out that functionality and also leveraging the advanced FEA analytics functionality in… continue reading

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Source: CTRM Center

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