Allegro just announced a new enhancement to their product offering, one that moves them ahead of the competition in terms of fully integrating the major electronic exchanges (22 exchanges in total) directly into their system. As they say in their press release…

“This latest enhancement of the ExchangeConnect component provides two-way exchange connectivity (view and capture, bid and offer) to 22 derivatives exchanges, including NYMEX, CME, EUREX, ICE, and the Dubai Mercantile Exchange (…). Allegro users benefit from an automated business process incorporating direct market interaction with derivatives exchanges into a single platform. Traders can see real-time market data, submit or cancel market orders, and pull trades - without duplication of effort.”

Allegro has been working with Trading Technologies International, Inc. to bring that company’s capabilities in aggregating exchange data and ability to execute cross exchange trades from a single screen into Allegro ETRM product. Allegro has embedded that technology in their product, creating a seemless environment where traders can view and interact with the markets directly within their ETRM system, reducing the time and effort in required to view multiple screens, analyze multiple scenarios, and create duplicate entries of transactions. Bottom line, it accelerates the traders interaction with the exchanges and in this business, time is truly money.

This is going to be the next “have to have” capability for ETRM systems. Hats off to Allegro - they’ve really raised the bar in the ETRM market space. You can get more info here.