“I was impressed with the high-quality speakers, they were really at a TED Talk level.”
“I appreciated the many interesting contacts, talks and new ideas.”
“Please keep up this tradition!”
Once again, our User Forum earned warm praise. A total of 109 participants from 54 companies joined us at Vienna’s historic Urania observatory to learn about our products and industry trends and to connect with their colleagues.
As part of our celebration of VisoTech’s anniversary, Jürgen Mayerhofer gave us a look back at the last 20 years. Although our office has only physically moved a total of 2.5 km in that time, we are worlds away in terms of employees, customers and software. Jürgen and Trayport COO Richard Everett then talked about the acquisition and their vision for the future. As Richard put it, “It’s clear that one plus one will equal three.”
In a series on AI in energy trading, we heard about applications of various machine learning techniques from Wolfgang Eichberger, VisoTech Chief Data Scientist Larisa Chizhova and STEAG’s Mario Schmoltzi, who summed it up best: “My aim is to teach systems to trade like humans on fire.”
After lunch, audience favourite “Pitch Professor” Daniel Cronin talked about startup culture as “a culture of perseverance”, being willing to fail and keep going. He shared a message that’s very relevant for anyone trying to innovate: when the feedback comes, “But no one’s ever done THAT before!”, you say, “Yes, that’s the point!”
Victor Laurent of Genscape followed, showing how a wide variety of real-time data can boost short-term energy trading. We then took a peek behind the scenes at VisoTech to see what office life is like for the VisoMinds. The last session provided a look at our product developments and roadmap, topped off with Trayport Product Manager Andreas Hoff unveiling the solution customers have wanted for a long time: the autoTRADER is now integrated into Trayport’s Joule trading screen. See below for more details.
Afterwards everyone went to ThirtyFive, Vienna’s highest location, for a laid-back get-together and a stunning 360-degree view of the city skyline. Some people wound down with good conversation, while others took time to wind up with pinball, pong and some intense table football matches in the game arcade.
The following day we held another one of our popular Algo-Coding Workshops. Participants learned tips and tricks to improve their trading algorithms, and beginners created their first algos in Python. Participant feedback on the workshop boiled down to one thing: they want more! More time, more chance to practice and dig even deeper into code.
The VisoTech team is looking forward to next year’s event and we are already trying to figure out how to top this one.
Joule and autoTRADER: the best of both worlds
Thanks to the collaboration between our Vienna and London teams the autoTRADER is now available integrated into the Joule screen – Trayport’s leading trading solution for energy markets. Users benefit from Joule’s enhanced trading experience and a network of 4800+ traders, 40+ brokers and exchanges and 22 third parties, in more than 40 countries.
Integration of the autoTRADER provides algorithms for automated position closing and flexibility marketing, enabling fast execution in milliseconds to get the best price. Automated and manual trades integrate seamlessly, giving traders full control of the trading process and providing a view of algorithm parameters as well as the underlying time series.
Any combination of manual and automated trading is supported, including automated trading at night and weekends only, or automated trading only of certain assets or portfolios or in specific situations. A white-box approach gives traders insight into the basis of algorithm decisions.
The story of our first “autoTRADER”
The autoTRADER as we know it today was first built in 2015, after EPEX SPOT released an API for intraday power trading. But did you know that VisoTech created a tool with automated trading functionality several years before? A solution way ahead of its time! It all began with a new Austrian law passed in 2011. Can you guess who the customer was – or which commodity it supported? To find out more about this solution, how it worked and the last-minute obstacles leading up to implementation, read the full story. You may be surprised by some of the functionality we already developed so long ago.
We keep growing
We welcome the latest new VisoMind, Software Engineer Valentino Esposito. He will support the continued development of our software solutions.
We have a number of open positions as we expand our products and technology. Please feel free to share with your network – if they are up to the challenge:
- HR Assistant 30h/week
- Delivery Manager/Business Analyst
- Junior Delivery Manager/Business Analyst
- Senior Linux Administrator
- Python developer – AI & Algorithms
- Software Engineer Python
American master salesman Zig Ziglar famously said, “You can have everything in life you want if you will just help enough other people get what they want.” Events such as the User Forum revolve around helping you, our customers and partners, to get what you want. As the VisoTech team moves into a new era, we will continue to help you by sharing knowledge and expertise, and by creating opportunities for you to make valuable connections with your peers.
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User Forum 2019