Energy trading and risk management (ETRM) software house Allegro Development Corp. has released Allegro Derivative Regulation to support Dodd-Frank compliance processes for energy companies. Key functions include regulatory reporting, position limit monitoring and data retention. The system will also support EU market infrastructure regulations (EMIR) and other future regulatory initiatives.
Eldon Klaassen, Allegro CEO warned, ‘Energy companies face an urgency to act, since new requirements may go into effect as soon as the next 60 to 90 days. Derivative Regulation will allow customers to quickly implement the business processes required to mitigate their compliance risk. This new component will help energy firms rapidly achieve compliance readiness.’ Allegro Derivative Regulation is available as a component of Allegro’s flagship ETRM solution or as a stand-alone product for companies with non-Allegro ETRM systems. More from Allegro.
This article originally appeared in Oil IT Journal 2012 Issue # 7.
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