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Head-to-head · CTRM Software

Allegro vs Balsamo CTRM

  • Updated Oct 2026
  • Both researched from official sources
  • 6 checks side by side
Higher score Allegro #3 in CTRM Software 8.4/10 Pricing on request ✓ 4 of 5 features Visit ION
Balsamo CTRM #6 in CTRM Software 7.9/10 Pricing on request ✓ 5 of 5 features Visit Balsamo CTRM

Allegro leads on 0 checks, Balsamo CTRM on 0, and 6 are even. Who comes out ahead on the 6 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreAllegro · 8.4/10
  • Most featuresBalsamo CTRM · 5 of 5

Allegro scores higher on our rubric for ctrm software: 8.4 against 7.9 out of 10; our editors rank them #3 and #6.

On deployment, Balsamo CTRM gives you Hybrid where Allegro offers Cloud. On commodity scope, Balsamo CTRM gives you Multi_commodity where Allegro offers Energy.

Allegro is the better fit for energy companies with complex physical trading. Balsamo CTRM is the better fit for multi-commodity desks needing full lifecycle control.

  • Allegro fits best

    Energy companies with complex physical trading

  • Balsamo CTRM fits best

    Multi-commodity desks needing full lifecycle control

Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.

Side by side

Feature Allegro 8.4/10 Visit ↗ Balsamo CTRM 7.9/10 Visit ↗
At a glance
Editor score 8.4 7.9
Ranking #3 in CTRM Software #6 in CTRM Software
Best for Energy companies with complex physical trading Multi-commodity desks needing full lifecycle control
Pricing model Paid Paid
Starting price Pricing on request —
Free plan Not checked yet —
Free trial — —
Deployment Cloud Cloud, Self-hosted
Built for Mid-market, Enterprise Small business, Mid-market, Enterprise
Features Allegro 4/5 · Balsamo CTRM 5/5
Trade capture ✓ ✓
Risk analytics ✓ ✓
Physical logistics ✓ ✓
Derivatives support Not checked yet ✓ (best)
Accounting & settlement ✓ ✓
Specs
Deployment Cloud Hybrid
Commodity scope Energy Multi_commodity
Our review
Pros
  • Connects front-, middle- and back-office trading workflows.
  • Combines real-time exposure visibility with portfolio risk analytics.
  • Automates logistics scheduling and trade-to-settlement testing.
  • Connects trade capture with risk, logistics, accounting and settlement.
  • Supports physical commodities alongside futures, options and forex trades.
  • Offers cloud and self-hosted deployment with audit-trail drill-downs.
Cons
  • Focused on energy rather than a broader range of commodities.
  • Pricing requires contact with sales.
  • Cloud is the stated deployment; broader options are not specified.
  • Pricing requires a sales quote, with implementation priced separately.
  • There is no perpetual free plan; the proof of concept is time-limited.
  • Support is not 24/7; 24/5 support is an optional or tiered offering.
Our verdict

Allegro brings physical and financial energy trading into connected front-, middle- and back-office workflows. ION positions it for utilities and energy companies handling power and renewables, natural gas, liquid hydrocarbons and…

Read the review →

Balsamo CTRM brings trade capture, pricing, risk, logistics and finance into a front-to-back system for commodity producers, trading houses and consumers. Its scope spans metals and concentrates, fertilizers, agricultural and soft…

Read the review →
  1. AllegroCTRM Software 8.4Pricing on request
  2. Balsamo CTRMCTRM Software 7.9Pricing on request

Strengths and trade-offs

  • Allegro — where it wins

    • Connects front-, middle- and back-office trading workflows.
    • Combines real-time exposure visibility with portfolio risk analytics.
    • Automates logistics scheduling and trade-to-settlement testing.

    Where it doesn't

    • Focused on energy rather than a broader range of commodities.
    • Pricing requires contact with sales.
    • Cloud is the stated deployment; broader options are not specified.

  • Balsamo CTRM — where it wins

    • Connects trade capture with risk, logistics, accounting and settlement.
    • Supports physical commodities alongside futures, options and forex trades.
    • Offers cloud and self-hosted deployment with audit-trail drill-downs.

    Where it doesn't

    • Pricing requires a sales quote, with implementation priced separately.
    • There is no perpetual free plan; the proof of concept is time-limited.
    • Support is not 24/7; 24/5 support is an optional or tiered offering.
  • Allegro8.4/10 · Pricing on request

    A front-to-back ETRM for energy firms managing physical and financial trades.

    Visit IONFull verdict →
  • Balsamo CTRM7.9/10 · Pricing on request

    Multi-commodity trade, risk, logistics and finance in cloud or self-hosted deployments.

    Visit Balsamo CTRMFull verdict →

More comparisons

All CTRM software comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

Last updated · How we research and update