Algo- or auto-trading systems are almost the norm in power trading. So far, such systems have played a lesser role in gas trading. This is what VisoTech wants to change – according to its own assessments the company is market leader in the field of algo- and auto-trading systems.
With its Periotheus Platform the company primarily thinks in terms of exchange access, which means the system is – at least up to now – normally implemented for trading on exchanges. The goal is to connect as many European exchanges and provide access to as many markets as possible. At this time there are six (EPEX SPOT, Nord Pool, PEGAS as gas trading platform, BSP SouthPool, HUPX (Hungary) and Trayport). The Italian GME and the Polish TGE should follow soon, but also OMIE. In particular the Iberian exchange OMIE will enable a signficant business expansion.
VisoTech Managing Director Mayerhofer is convinced that algo-trading also offers advantages in asset optimisation of gas. This is especially true for short-term marketing of storage, but also for power plant management in power and gas markets. Optimisation potential could also be realised through spread trading as well as the optimisation of trading and transport between the various trading points in the short-term markets.
Providers such as VisoTech, but also the users, will continue to develop the intelligence of these systems. Learning algorithms (keyword: artificial intelligence) will certainly play a larger role in the future.
Article written by Dr. Heiko Lohmann and published in Energate Gasmarkt on May 8, 2019.
© 2019 energate GmbH
The full version of this article can be read in the May edition of Energate Gasmarkt, which you can order here.
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Insider knowledge for gas market experts! Energate Gasmarkt provides specialists and executives in the gas industry with up-to-date information and background on the German and international gas markets. The publication expertly explains the most important developments in the areas of market, law, politics and business. In addition, energate Gasmarkt offers inside information such as market rumors and personnel news.
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