Allegro will provide its Allegro 8 platform to manage CVA’s power generation and trading activities.
CVA said it required a scalable software solution that would support company growth, provide visibility into positions, and effectively maintain controls to mitigate risk.
CVA is a generation company based mainly on hydroelectric production located in the Valle d’Aosta region of Italy.
Allegro 8 provides CVA with increased transparency and process efficiency with fully integrated physical and financial transactions and analysis, improved risk management with audit trails and reliable risk controls with the ability to evaluate mark-to-market, credit VaR, cash flow at risk, earnings at risk, and profit at risk.
The platform will also provide enhanced market decision making with trade analytics including simulation, P&L, and the ability to implement and monitor limits.
It’s offerings also includes increased trader productivity with real-time connectivity to principal platforms via Allegro’s Exchange Connect component, improved data security and management with single repository and portfolio valuation, and greater productivity through seamless integration with internal accounting system with Allegro’s ERP Connect component.
