Allegro Development Corporation, a leading provider of commodity value chain and risk management (CVCRM) software, has been named by CIO Review Magazine as one of the top 20 Most Promising Risk Management Solution Providers for the Capital Market.

The magazine featured Allegro in its March edition citing its contributions to the commodity value chain, specifically the software’s ability to help clients better monetize their assets, reduce risk and realize greater returns in a shorter span of time.

Allegro’s Chief Executive Officer, Ray Hood said: “The uniqueness of this solution is that it allows customers to select only the components and functionalities they need, while simplifying deployment and enabling companies to quickly expand into new markets.”

Allegro’s flagship product, Allegro 8, has an enterprise-level risk management architecture that allows companies to manage operations and integrate new components as their needs change. The software is used by traders, risk managers, and decision-makers across the globe. The solution uses grid computing to manage numerically intensive processes such as real-time valuation and optimization and enables traders and marketers to view existing positions and to dynamically optimize them based upon real-time connectivity to more than 22 commodity exchanges as well as streaming pricing data.