London, 3 September 2009 

Allegro, a leading provider of energy trading and risk management solutions, has announced the release of Emissions 8.1, a first-of-its kind component for the Allegro 8 platform that provides efficient and instantaneous management of all trade activity for emissions certificates on a global basis.

This dedicated component was specifically developed to deliver comprehensive capabilities “not available from other ETRM platforms,” say Allegro.

Increasing and ever-changing government regulations are driving the need for sophisticated emissions management solutions that can handle the complexities of accurate reporting and compliance to avoid significant fines and penalties. Today, energy companies are struggling with disparate systems, manual, error-prone processes, the inability to track the unique characteristics of emissions trades and manage different requirements for each registry or jurisdiction.

“Allegro has again demonstrated its ability to rapidly respond to market needs with their emissions management solution,” says Dr. Gary Vasey, GM, Europe for CommodityPoint, Inc., a leading market research firm. “The enhanced Emissions 8.1 component is a fully featured offering that includes an accelerated trade entry process achieved by requiring traders to enter only the most basic trade information and allowing the back office personnel to provide the remaining information during reconciliation. Another significant addition is the ability to simply download registry data from any global registry to perform a comparative analysis and accurately generate reports that show compliance to regulatory agencies.”

Allegro’s Emissions 8.1 component is a flexible, centralized tool that captures sophisticated deals and automates processes to manage physical inventory and financial positions to make intelligent decisions and optimize a complete emissions and renewables portfolio.

“The feedback we’ve received has been outstanding.  Industry analysts and beta customers alike have agreed that we’ve set ourselves apart from the pack,” says Michael WHinton, Allegro Chief Marketing Officer. While current emissions requirements are a major issue right now, we also looked beyond today’s market needs and have developed this product with the flexibility that will enable customers to comply with new regulations, add new products, expand into new regions and even address renewables if these needs arise in the future.”

www.allegrodev.com