Deployment of Allegro Environmental Products module for Major Northeast Financial/Physical Trader
High volume congestion trading business expanded into environment products. Getting these new transactions into the CTRM platform was an imperative.
- Essentia deployed deal-to-cash capabilities for over 20 North American renewable energy certificate (REC) and emissions products
- Customized the vendor’s environmental products module to meet sub-deal inventory receipt, as well as sub-hourly valuation, mark-to-market reporting, and matching requirements
- Integrated the CTRM with 3rd party software Broadpeak K3 to support capture and reconciliation of environmental exchange trades
By capturing the REC business alongside power, gas, and congestion, a holistic view of all trade portfolios enables optimal position management and profitability for this trading shop.
About the Client
Diversified power and gas services provider and high-volume trading shop
Downstream > Capital Markets
Essentia provided offerings
Cloud Managed Services