Ion’s deal for Allegro worries commodity tech specialists

Acquisition gives Ion a near monopoly in energy trading and risk software

oil field
Ion owns four of the largest software vendors

Ion Investment Group’s acquisition of Allegro Development, the last major independent provider of commodity trading and risk management (CTRM) software, is stirring up concerns among some customers, who worry it could stifle development and lead to price increases.

“This is probably bad news for the market as a whole. It feels like a step backwards,” says a systems implementation specialist in the energy sector. “Ion doesn’t seem to be making any investment into the [CTRM software] firms it

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