There Is A Bot For That

The rise of renewables and development of the smart grid is having an impact on European power trading. Intra-day power trading is on the rise in countries like Germany and the UK where signals can occur very quickly indeed and the volume and speed of information available to traders is almost overwhelming. EPEX, Nordpool and others now actively support intra-day trading across the Nordics, Germany, Switzerland, UK, and France. Just this month, EPEX Spot and ECC introduced 30-minute continuous trading of power spot contracts in the intraday markets in France, Germany and Switzerland. One impact of all os this has been the rise of automated trading. Robots or bots are programs that act faster than humans to place trades. They have been in use in some financial markets for sometime but their emergence in commodity markets has lagged. Until now that is. Suddenly, automated trading is increasingly seen as the answer to intra-day power and gas markets. Specialist firms have sprung up to help trading firms and utilities develop and deploy bots while the API’s offered by EPEX and Nordpool have facilitated their deployment. Trading power in 15-minute increments is quite a task. There are many factors to take into
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There Is A Bot For That. This article appeared first on CTRM Center.