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Murex N.A., Ltd. selects Allegro Energy trading and risk management

Tuesday, Dec 11, 2012

Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that Murex N.A., Ltd. has chosen the Allegro 8 platform to manage its diverse petroleum trading and distribution operations. Murex, headquartered in Addison, Texas, is a leading marketer and distributor of ethanol and crude oil to major oil companies and regional refiners.

“We look forward to working with Murex and being a part of its initiative to achieve growth.”

Allegro provides an enterprise system that streamlines and automates the trading, logistics, accounting, and risk-management activities around Murex’s physical and financial transactions, assets, and positions. The Allegro solution will provide Murex the scalability to expand their operations to support higher volumes of transactions with complex pricing and fees through a single point of data entry, reducing redundancy and errors. Leveraging Allegro, Murex will gain increased position visibility with a holistic view of their portfolio disaggregated by trader, book and product in real-time.

“We’re increasing the number of transactions we manage across commodities and need a system capable of handling the complexity of those transactions,” said Murex CFO, Rick Bartel. “Allegro 8 offers a solution that is robust enough to grow with our business, and has risk management capabilities that allow for better decision making.”

Source: Business Wire

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