The Client
JERA Global Markets (JERAGM) is a leading utility-backed energy trader specializing in LNG, coal, and freight. Over the years, JERAGM has grown into the world’s leading LNG traders, with a sizeable portfolio and operations spanning Asia, North America, and Europe.
The Assignment
During its transition and rapid growth, JERAGM selected ION’s Allegro CTRM platform as the central system for trading and risk management in LNG and coal. To support its expanding business, JERAGM needed the capability to generate real-time valuations with greater efficiency.
capSpire was engaged to design a tailored solution, equipping JERAGM with advanced real-time valuation capabilities to provide accurate risk reporting and enable the business to manage its exposure effectively.
“The capSpire team has been instrumental in helping us address several major technology challenges over the past few years. At a time when JERAGM business teams were increasingly impacted by legacy issues and losing confidence in the systems and data, capSpire helped turn things around. Through their expert analysis and solutions, intraday valuation stability was restored, and execution time was reduced from hourly to near real-time. This enabled our traders to access the latest view of their risk positions and trade more effectively. Ever since, capSpire has been a trusted and long-term partner for our ETRM platforms.”
Thierry Haynes, Head of IT Delivery – JERA Global Markets
The Challenge
JERAGM’s existing trading technology landscape was not equipped to support accurate real-time position reporting. Repeatedly processing large trade volumes was inefficient and time-sensitive, leading to slow intraday valuations.
Running full portfolio valuations was time-consuming and reduced system performance. Standard real-time valuations were difficult to manage due to ongoing data-loading issues from external pricing platforms.
To meet its trading objectives without increasing costs, JERAGM required a holistic review and optimization of its ETRM infrastructure. The challenge was to redesign application interactions with the database to enable high-speed processing and real-time insights.
The Value Delivered
capSpire delivered a transformational project that revolutionized how JERAGM leveraged Allegro for trading and risk management:
- Database Optimization Without Downtime: capSpire enhanced Allegro’s database architecture, enabling JERAGM to generate risk reports accurately and seamlessly.
- Real-Time Valuations: Integrated an event-based database system with Allegro, triggering real-time position valuations and generating instantaneous market insights.
- Scalability for Business Growth: Ensured Allegro could scale alongside JERAGM’s expanding operations.
- Seamless Integration: Optimized Allegro without modifying its core code, preserving system integrity while significantly improving performance.
- Long-Term Partnership: capSpire has partnered with JERAGM for four years (since 2021), demonstrating ongoing trust and value.
With capSpire’s deep expertise in Allegro’s data architecture, JERAGM successfully transformed its risk reporting capabilities, enhanced system performance, and improved scalability -ensuring its platform remains resilient, efficient, and future-ready.
