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Improve your Allegro Horizon Performance by Upgrading to .NET Core version

Get the most out of your System

While performing Allegro Horizon Upgrade, energy companies look for an improvement in their existing business functions, system performance to enhance their business process – making it standardized and efficient.

With our more than a decade of experience in performing Allegro Upgrades and keeping our clients up to date with the ever changing technologies, moving to the .NET Core version of the technology can result in a significant performance improvement under the same hardware conditions around areas like processing of Position & Inventory Valuations, Settlements, and Credit.The latest package includes improved out-of-the-box business functions and offer immediate benefits to any existing Allegro user.

Value Creed have been a strong advocate and encourage our clients to use the latest version of the Allegro Horizon system packages to capitalize the maximum value from their trade and risk management business functions. With us providing technical support and guidance to our client’s internal teams, our clients can achieve maximum efficiency that is being offered by the Allegro Horizon Platform.

Benefits Of Upgrading to .NET Core

  • Middle office Managers can analyze same-day Position and P&L Reporting for Immediate Issue Identification, Pricing Visibility, and attributing P&L results to various buckets. Valuation Algorithms have been optimized for faster processing of Exchange-based Futures, Swaps, and Options resulting in significant performance improvements over previous versions.

    The real-time position valuations are more efficient in the recent version and is also easier to configure. Client’s may choose specific finalizers to enable or disable with Incremental Valuations, such as Valuation Summary, P&L Attribution and Open Inventory Calculations.
   
  • Accountants can achieve faster accounting close due to improved performance of batch jobs and a significant reduction in database contention by resolving any deadlock issues. Restructuring the financial-detail table further by splitting it into the transaction-detail table allows the system to do various data intensive operations like Sub-hourly Settlements while simultaneously improving the overall Settlement Process.
   
  • With the time series functionality available in the latest version, traders can add ad hoc volume-shaped trades and address the hourly pricing changes making it easier to create load shapes for short-term trades. In addition to the above benefit to traders, inbound trade interfaces can take advantage of this new functionality to capture the short-term shaped-deals in the system.
   
  • With the addition of modular Exchange connectivity extensions, the system provides additional flexibility to configure and model Exchange-based transactions in the system. As ICE introduces new symbols in the system, the enhanced functionality allows traders to default portfolio-specific fields like tradebook, and strategy more easily.
   
  • Risk, Credit, and Accountants can independently configure valuation modes for their respective functions thereby providing data separation and improved quality of data for their business function.
   
  • System Administrators can avoid potential performance issues from high CPU usage on the machines while performing jobs such as triggering messages, and creating documents and approvals by upgrading to the latest version of the software where the workflows are performed on the grid.
   
  • Accountants can easily configure and create Weekly Invoices within the system under the General Ledger parameters by properly valuing and settling transactions as per their business needs.
   
  • Power Energy Position report has been expanded to include both Physical Power and Financial Power transactions. The expanded reporting capability will allow the front office analysts to get consolidated real-time position reports thereby assisting in the trading decisions, and minimizing customizations.
   

Upgrading to Latest ETRM Version: Leveraging Value Creed’s Expertise

Interacting with External Interfaces

  • Value Creed has the expertise in resolving many inter-operability issues seen between the ETRM system (running on .Net Core platform) and systems based on non- .Net platforms (including Java).
  • Leverage the inhouse solution that Value Creed provides in order to avoid overages in project timelines and budget trying to re-invent the wheel.
  • In our experience we’ve seen systems using collection objects as part of the payload often failed with serialization issues.

IFRS 9 treatment for Non-Own Use Commodity Contracts

  • Under IFRS 9 requirement, companies have to report non-own Use Commodity Contracts for future delivery in their financial statements. Those transactions can be both Physical & financial.
  • Allegro Horizon’s Settlement process currently creates the MTM accruals data needed for IFRS 9 reporting only for financial deals (Derivatives) and not for physical deals (as of 145.5.5 version), resulting in an incomplete MTM Accrual data.
  • Our solution allows the users to designate an EOM Position Valuation dataset to be used for generating the MTM accruals each month and stores the accruals in the Accounting tables.
  • The solution can process Physicals delivering in future periods as well as Futures, Options, and Swap positions all at the push of a single button, and the process is often completed within a few seconds to minutes even for processing positions for 25 years of forward deliveries.

Performance

  • Allegro Horizon has significant improvement in Valuation and Settlement performance compared to baseline runs.
  • It significantly reduces the number of deadlocks and retry attempts almost up to 75% improved process efficiency.
  • These Performance gains is done without additional investment in hardware.
  • Optimal Utilization of Grid server resources; troubleshoot and remediate issues with Grid stalling

Liquids

  • With the latest version of Allegro Horizon companies dealing with the Liquids and Petroleum Products can have improved UI to review the details around the shipments and logistics business functions.
  • Users can now analyze the data based on location and can also utilize the benefits of on retrieve unit conversion as well.
  • To enhance the performance of the system, various parameters are included on the view giving the user enough flexibility to retrieve only the data required and by default only the actualized volume positions will be shown to the users.
  • The Physical Inventory Position UI has also been enhanced to best analyze the data of physical inventory quantities by product type, product, location, and delivery day.

Ready to Explore Upgrading Your CTRM?

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