Automated Gas Trading

We occasionally miss an announcement it is true and one we did miss was on the 28th June from Powernext. Automated trading in intra-day European power markets has really caught on over the last few years and we have highlighted many of the vendors offering automated trading solutions for such activities including Powel (and OLF via a partnership), FIS, Procom, Kisters, Soptim, Visotech, Likron, Contigo and others. The early leaders in this area appear to be Visotech and Likron, if market share is your rule. When I attended the Visotech day in Frankfurt earlier this year, one area they were keen to talk about as a differentiator was their gas automated trading capabilities where they see speed as an essential apsect in responding to order book updates and to take advantage of sudden price fluctuations. As Jurgen Mayerhoffer, MD, puts it “If energy truly want to squeeze the last cent from their assets, trading automation will help them do so 24×7 in a cost efficient manner

Powernext announced June 28th that Visotech would be listed as the first Independent Software Vendor on its pan-European gas trading platform PEGAS allowing members an opportunity to puruse fully automated algo-trading on the spot market. Essentially, members trading on PEGAS via Trayport Joule Direct can utilize the Periotheus autoTRADER for algo-trading of natural gas. Egbert Laege, President of Powernext, explained “with intra-day trading volumes steadily increasing, more of our members are looking into algo-trading as a way to stay ahead of the competition and using a certified ISV greatly simplifies the implementation of trading automation for members.”

Automation of trading in both power and gas markets will only grow in the coming months and years and we expect further developments from the leading vendors in this important sub class of ETRM software.

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