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| Allegro Development announces the addition of comprehensive petroleum blending functionality |
| Dallas 08 February 2010
Allegro, a provider of energy trading and risk management (ETRM) solutions, has released Petroleum Blending 8.1, a new component within the Allegro 8 platform that provides enhanced flexibility and reduces operational workload around the blending of petroleum liquids.
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The daily processes for schedulers and operators are very manual, cumbersome and time-consuming due to the numerous blending products, multiple locations, transport methods, and various tariffs and fees. To help customers mitigate these challenges, Allegro's Petroleum Blending 8.1 provides the following benefits: Allegro's Petroleum Blending 8.1 component offers customers a flexible, comprehensive solution to manage the complex and dynamic nature of petroleum blending.
The Allegro 8 platform is built on a Service-Oriented Architecture (SOA), allowing customers to select only the functionality they need, simplifying deployment and providing the scalability to adapt and expand into new markets as a company's needs change. Allegro 8 reaps the benefits of Grid computing, which allows a network of distributed computers to work in unison, providing real-time valuation, scheduling, and settlement. The platform also provides an Interactive Trading Environment (ITE) that enables traders and marketers to view existing positions and to dynamically optimize them based upon live markets. Profit & Loss, Value at Risk (VaR), Mark to Market (MtM), exposure and other metrics are continuously updated. |
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| Source: Allegro |
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