Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Syneco Trading Selects Allegro for Energy Trading and Risk Management

Published by Gbaf News

Posted on February 6, 2014

3 min read

Last updated: January 22, 2026

Add as preferred source on Google

Black Friday retail sales surge in the UK, highlighting consumer spending trends - Global Banking & Finance Review — An infographic illustrating the rise in UK retail sales driven by Black Friday spending in late 2024, reflecting consumer spending trends amidst economic challenges.

German Energy Trading Company to Manage Power, Natural Gas and Certificates Trading with Allegro 8

Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that Syneco Trading GmbH, Munich, (Syneco) has selected the Allegro 8 platform to manage its power, natural gas and certificates trading operations. Syneco required a fully integrated system to replace a legacy IT infrastructure and support the company’s operations in key energy trading business processes, including deal capture, confirmations, scheduling, settlement, accounting, position and risk management across commodities.

Syneco energy trading floor

Syneco energy trading floor

Syneco is the leading municipal energy trading organisation in Germany and the energy trading platform within the Thüga Group responsible for the energy procurement of over 60 of Thüga entities across Germany. Syneco provides energy trading, portfolio management and logistics services for power, natural gas and certificates, as well as hedging operations with derivatives.

“Our primary objective was to select a system that would support our current and future activities in electricity, natural gas and emissions trading, improve our business visibility and facilitate our risk management and reporting,” said Dr. Johannes Angloher, Deputy CEO at Syneco. “We have chosen Allegro 8 for its strong functional support for all aspects of energy trading, operations, and risk management. Allegro not only covers our current and planned activities in energy trading, but also provides a robust foundation for extending our activities in the future.”

Allegro will help Syneco meet the following business goals:

Replacing the company’s legacy core system to eliminate infrastructure-related risks and limitations to its business activities
Increasing the flexibility and timeliness of reporting in order to improve visibility for risk management
Allowing future extensibility into other functional areas of Syneco’s energy trading business

German Energy Trading Company to Manage Power, Natural Gas and Certificates Trading with Allegro 8

Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that Syneco Trading GmbH, Munich, (Syneco) has selected the Allegro 8 platform to manage its power, natural gas and certificates trading operations. Syneco required a fully integrated system to replace a legacy IT infrastructure and support the company’s operations in key energy trading business processes, including deal capture, confirmations, scheduling, settlement, accounting, position and risk management across commodities.

Syneco energy trading floor

Syneco energy trading floor

Syneco is the leading municipal energy trading organisation in Germany and the energy trading platform within the Thüga Group responsible for the energy procurement of over 60 of Thüga entities across Germany. Syneco provides energy trading, portfolio management and logistics services for power, natural gas and certificates, as well as hedging operations with derivatives.

“Our primary objective was to select a system that would support our current and future activities in electricity, natural gas and emissions trading, improve our business visibility and facilitate our risk management and reporting,” said Dr. Johannes Angloher, Deputy CEO at Syneco. “We have chosen Allegro 8 for its strong functional support for all aspects of energy trading, operations, and risk management. Allegro not only covers our current and planned activities in energy trading, but also provides a robust foundation for extending our activities in the future.”

Allegro will help Syneco meet the following business goals:

Replacing the company’s legacy core system to eliminate infrastructure-related risks and limitations to its business activities
Increasing the flexibility and timeliness of reporting in order to improve visibility for risk management
Allowing future extensibility into other functional areas of Syneco’s energy trading business