Allegro Development Corporation, a leading provider of commodity management software, and NTT DATA Financial Solutions (NDFS) today announced a partnership agreement to expand Allegro’s Asia Pacific commodity management offering to Japanese energy and commodity trading companies.

NDFS provides IT solutions including transaction and risk management for market financial products, as well as market services, which include pricing model development for financial products, consulting, research and development

The partnership will combine Allegro’s commodity management solutions with NDFS’ extensive market, IT and risk management implementation services. The joint offering allows Japanese companies the ability to implement Allegro’s world-class trading and risk management platform with confidence leveraging the deep subject matter expertise of NDFS’ professional services team.

“The partnership with NDFS provides the opportunity to help Japanese companies elevate their trading operations with effective risk mitigation to sustain the energy market’s liberalization,” said Mr. Jonathan English, Managing Director of Allegro EMEA. “We’re excited to work together and contribute our expertise to the Japanese market.”

Mr. Ken Tsuchihashi, CEO of NTT DATA Financial Solutions Corporation, stated, "NDFS and NTT DATA have been interested in Commodity Management solutions for some time. And now we understand Allegro's sophisticated commodity trading and risk management system, which is a new area apart from the financial market solutions we have developed. When the opportunity arose to collaborate with Allegro Development, we knew this would be a winning combination in Japan."