“We require state-of-the-art technology to support our expanding business and our entry into refined products trading. Allegro’s approach to software deployment aligns perfectly with our priorities as we rapidly launch our trading desk later this year. The Allegro system also provides the operational control, trading efficiencies, and the analytical tools we need to optimize our decision making."

Aramco Trading

Trade Connect 8.1 PDF Print E-mail

Turning instant messaging into trader productivity and transparent intraday pricing

A trader’s time is precious and can have an immense impact on a company’s profitability.  One way Allegro helps increase trader productivity is through a component called Trade Connect. In partnership with Pivot, Inc., Allegro developed this component to provide efficiency around OTC trading processes and improve visibility into company positions as they relate to intraday pricing and real-time position valuation.  The component automates the import of intraday pricing, simplifies and translates instant message (IM) trade commitments, and helps your trading organization better leverage market and trading information.

Product Overview

Trade Connect transforms unstructured instant message trading chats into structured OTC market and trade data. It also enables brokers’ intraday bid/offer price quotes to be used in analyzing current market trends against a trader’s current portfolio. As instant messages are received, the Allegro system reads those messages, parses the data into readable elements, and records the information on the Allegro system’s intraday price board. In addition to the data recieved via instant messaging, all incoming data from external price feeds are recorded in the Allegro price value table.

Today, most trading organziations have limited visibility into intraday prices. This need not be the case. Trade Connect provides traders, and personnel throughout the enterprise, visibility into all of the real-time streaming bids and offers for various markets. Users can react to, and report on these intraday movements, and better manage an organization’s exposure.  Traders can then use these price entries to create trades in Allegro, simplifying the trade entry process, and reducing the time spent on recording transactions. Allegro’s real-time mark-to-market (MtM) reporting also allows traders to understand how their portfolio is being affected by the incoming intraday prices.

The Allegro Trade Connect component provides an interface to Pivot 360, an application provided by Pivot Inc. that enables more efficient OTC trading via instant message.  Through this integration, instant messages recieved by the Pivot 360 software are streamed directly into the Allegro platform.

Allegro’s Trade Connect streamlines information flow, eliminates errors around trade entry, and provides a holistic view of intraday prices.  With this accurate, timely, actionable information at traders’ fingertips, organizations can make more informed market and trading decisions.

 

Key Feature Key Benefit

Capture of intraday pricing

Traders across your organization can leverage the most up-to-date information with accurate intraday positions

Immediate translation of IM trade commitments to Allegro data tables

Saves traders time, enables rapid analysis of data with streamlined information, and enhances accuracy by eliminating need for re-keying of prices and other trade information

Provides access and visiblity into critical market and trading information

 More informed decision making, the ability to seize trading opportunities, and greater profitability

Use pricing data from Allegro’s intraday price board to create trades

Simplified trade entry, limited data input, and ability to respond more rapidly to market changes

Real-time mark-to-market (MtM) reporting

 Ability to see instantly how intraday prices are impacting a portfolio

Archiving of IM data with the corresponding trade

Efficiency and accuracy in audit and record keeping processes, including streamlined data retrieval whenever it is needed - reducing time and expense