“We have been very satisfied with the breadth of the Allegro platform and the visibility that it has brought into our fuel hedging operations. Upgrading to Allegro 8 and adding enhanced functionality around hedge accounting was a natural decision. The Southwest Airlines and Allegro teams worked closely in the planning phase of this project and clearly demonstrated our mutual commitment to supporting Southwest Airlines’ long term needs.”

Southwest Airlines

Allegro and Pivot Inc. Increase Trader Productivity with Trade Connect™

New Product Structures IM Market Data for Real-Time Intraday Valuation in Energy Markets

DALLAS, TX and JERSEY CITY, NJ, December 12 - Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, and Pivot Inc., a leading provider of instant messaging and liquidity management software to the financial and commodity markets, announced today the release of Trade Connect 8.1, which provides efficiency around OTC trading processes and improves visibility into company positions with intraday pricing and real-time position valuation.

Instant messaging (IM) is one of the most common forms of communication between traders in OTC energy markets.  A component of the Allegro 8 platform, Trade Connect 8.1 automatically imports intraday pricing data from instant messages and other sources to provide visibility into all real-time streaming bids and offers for energy markets.  Trade Connect transforms unstructured instant message trading chats into structured trade data which can be used to drive real-time portfolio valuation, rapidly create trades, and better manage risk.

“Automating the import of intraday pricing gives an entire organization real-time visibility into critical market and trading information which can then be used to gain advantage in the market,” said Allegro Chief Customer Officer, Michael Hinton. “Traders can also use this streaming data to quickly create trades with simplified trade entry and limited data input. This allows traders to save time, improve accuracy, and spend more of their time seizing profitable trading opportunities.”

The Allegro Trade Connect component provides an interface to Pivot 360™, which streamlines OTC liquidity management and trading communications via instant messaging. Through this integration, instant messages processed via Pivot 360 are streamed directly into the Allegro platform, transforming these one-to-one communications into higher value enterprise data.

“Today, many trading organizations have limited visibility into intraday prices, which need not be the case,” said John H. Eley, CEO of Pivot Inc. “Trade Connect was developed to address this deficiency and improve the accuracy of portfolio valuations as well as the robustness of trading and risk management across entire enterprises."

About Allegro Development

Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 29 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities.  Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.

For further information please contact Samantha Johnston at media@allegrodev.com or +1.214.237.8149.

About Pivot Inc.

Pivot technologies revolutionize how buy and sell-side traders manage liquidity and trade by automating voice and electronic communications work flows to improve trading and operational efficiencies and scalability as well as reducing operational risks. Pivot's software solutions deliver the benefits of electronic trading while preserving the merits of personal relationships and product customization. The firm’s technologies are used by more than 8,000 traders, risk management and operational personnel at more than 300 brokers, dealers and fund managers. 

Pivot Inc. is backed by Boldcap Venture Partners, Draper Fisher Jurvetson Gotham Ventures, EPIC Ventures, Eze Castle Integration, Hudson Ventures and Softbank Capital

For more information, please visit the firm’s Web site at www.pivotinc.com. Media, please contact Peter Burton at pburton@pivotinc.com or +1 732 546 3700.

Pivot 360 is a trademark of Pivot Inc. All rights reserved.

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