Saudi Aramco has chosen Allegro’s energy trading and risk management (ETRM) software, Commodities Now Online reports. The subsidiary of Saudi oil company, Saudi Aramco Product Trading, will use the Allegro 8 software platform.
The platform will support Aramco Trading by utilizing front-to-back office trading, augmenting enterprise risk management across the commodity and asset portfolio. The company is expected to be operational by the end of this year, adds U.S.-Saudi Arabian Business Council.
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