To the Content

Stadtwerke München expands algorithmic trading to UK market

VisoTech’s autoTRADER delivers stable 24x7 trading on EPEX SPOT

Stadtwerke München now trading algorithmically on UK marketVienna, March 19, 2019 – Stadtwerke München (SWM), one of Germany’s largest municipal utilities, has expanded its use of the VisoTech autoTRADER to the UK power market. This comes shortly after EPEX migrated the UK intraday market onto the M7 platform, enabling algo-trading in the UK for the first time. After a year of successful and stable autoTRADER operation on the German market, the Munich-based power supplier became one of the first companies to carry out algo-trading in the UK.

As part of a digitalisation initiative SWM set the ambitious goal to fully automate their complete direct marketing process, from weather forecasting to schedule nomination. Before they implemented the autoTRADER a year ago, they did not have a 24×7 trading program. Now they can trade power around the clock and profit from the market without the additional cost and complexity of a trading night shift.

 


Thanks to the much greater speed of algo-trading compared to manual trading we are currently enjoying a first-mover advantage.


 

In November 2018 EPEX SPOT migrated the UK intraday power market to the M7 platform. This enabled companies trading in the UK to perform algorithmic trading, using the M7 Trading System API. “The autoTRADER has already proven itself stable and reliable”, explained Christian Stettmaier, Head of Front Office at Stadtwerke München. “Based on our very positive experience in the German market, we decided to expand the autoTRADER into the UK market. Thanks to the much greater speed of algo-trading compared to manual trading we are currently enjoying a first-mover advantage.”

 


The UK intraday market is relatively young, but some products are already ready for algorithmic trading from the perspective of liquidity and spreads.


 

Naturally, the UK market is quite different from Germany. In particular, with a 2018 intraday trading volume of 19.0 TWh, it is much less liquid than the German market with 50.4 TWh. But intraday volumes are growing much faster in the UK: while the German market increased by a respectable 12.5% over the previous year, the British market boasted an impressive growth of 25%.

“In highly liquid markets such as Germany the challenge for traders is to keep up with the large number of order book events”, Jürgen Mayerhofer, Managing Director of VisoTech elaborated. “In the UK, the intraday market is relatively young, but some products are already ready for algorithmic trading from the perspective of liquidity and spreads. The British market is very interesting for us, since in the last few months we’ve been seeing a considerable increase in demand.”


About Stadtwerke München

SWMStadtwerke München (SWM) is the municipal utilities and services company of the state capital Munich and one of the largest energy and infrastructure companies in Germany. It supplies Munich with energy (power, gas, district heating, district cooling) and with fresh spring drinking water from the Bavarian Alpine foothills. The subsidiary MVG is responsible for subway, bus and tram. SWM also operates 18 indoor and outdoor pools. And the company is laying the foundation for the networked and livable city of the future: it is expanding the smart-meter infrastructure and the fibre optic network citywide and is increasing secure data transfer capabilities with the LoRa network. SWM is shaping the energy transition in power and heating: by 2025 the company intends to produce enough green power in its own facilities to cover the entire needs of Munich. By 2040 it plans fully CO2-neutral coverage of Munich’s district heating demand.
www.swm.de


Stay informed

Register for our newsletter and receive monthly updates about our company, products and events.

associated products

teaser_P_autotrader

autoTRADER

Automated intraday trading on EPEX SPOT, Nord Pool, PEGAS and more

recommended topics

The following topics might be of interest for you
Going, going, gone! Spot auctions fully automated

Going, going, gone! Spot auctions fully automated

Newsletter March 2019: automated spot auctions, Innovation Hub registration, VisoMinds getting (even) smarter and more

VisoTech in ZfK: A step ahead of the mainstream weather forecast

A step ahead of the mainstream weather forecast

Robin Girmes, Managing Director Energy Weather, and Jürgen Mayerhofer in ZfK on a new approach to weather-based marketing of wind and solar power.

Case Study: Energy Algo-Trading at N-ERGIE Kraftwerke GmbH

Case Study: Energy Algo-Trading at N-ERGIE Kraftwerke GmbH

autoTRADER access boosts intraday trading productivity & generates revenue

EnBW relies on autoTRADER from VisoTech

EnBW relies on autoTRADER from VisoTech

autoTRADER supports the marketing of flexibilities from renewable energy

X
X

Durch die weitere Nutzung der Seite stimmen Sie der Verwendung von Cookies zu. Weitere Informationen

Die Cookie-Einstellungen auf dieser Website sind auf "Cookies zulassen" eingestellt, um das beste Surferlebnis zu ermöglichen. Wenn Sie diese Website ohne Änderung der Cookie-Einstellungen verwenden oder auf "Akzeptieren" klicken, erklären Sie sich damit einverstanden.
Ausführlichere Informationen finden Sie in unseren Datenschutzbestimmungen.

Schließen