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VisoTech certified as first independent software vendor for HUPX

autoTRADER solution now available for intraday trading on the Hungarian Power Exchange

Vienna/Budapest, July 6, 2018 – With the Periotheus autoTRADER, VisoTech is now the first company to be listed as an independent software vendor (ISV) on the Hungarian Power Exchange, thus allowing members of HUPX to take advantage of fully automated algo-trading on the intraday market.

HUPX, the Hungarian Power Exchange, is responsible for the intraday, day-ahead and financial futures power markets providing a full-scale trading platform for the trading community of the region. The exchange’s day-ahead market segment is coupled with the Slovakian, Czech and Romanian markets and cooperating with EPEX Spot and SEEPEX, the Serbian power exchange to create a cross-regional power exchange in Central and Southeastern Europe. In 2017, intraday trading on HUPX totalled 47.35 GWh, with price per MWh ranging widely from 155 EUR to -8 EUR.

As the first ISV certified for HUPX, VisoTech is the only company providing fully automated algo-trading on the Hungarian exchange. The Periotheus autoTRADER allows HUPX’s traders to focus on more strategic goals, to monitor their portfolios and optimise performance, while industry-specific trading algorithms take over the burden of looking for and executing favourable trades to match the selected strategies. And all of this day and night, without the cost of a 24×7 trading desk.

“As European power spot trading continues to grow, energy companies are looking for a broader variety of options and with them, greater liquidity. With HUPX we add yet another market, providing our existing customers further alternatives while making automated intraday trading available to a broader audience”, observed Jürgen Mayerhofer, Managing Director of VisoTech.

The Hungarian energy market is facing great change. Reform of the retail market has led to a consolidation of both power and gas suppliers, while imports have increased. Several older power plants are approaching end of their productive life, and their replacement is still a matter of discussion, while the market share of intermittent renewable energy sources is expected to grow rapidly requiring trading opportunities closer to real-time in order to handle weather fluxes. HUPX’s commitment to building a strong national and regional exchange will play a vital role in addressing challenges while making the energy market more efficient.

“At the moment, our members, along with energy companies worldwide, are facing a challenging market environment. Energy trading, especially intraday, will be key to meet these challenges and ensure a continuous, secure and affordable energy supply in the future”, Peter Tóth, CEO of HUPX commented. “As trading volumes increase, algo-trading is becoming a valuable solution to boost trading efficiency, allowing all market participants to get the most out of their trading activities.”

HUPX

About HUPX

Hungarian Power Exchanges takes an appreciated, leading place in the Central-Eastern-European region. As the operator of the innovative organized Hungarian electricity market it advances and accelerates the cash flow of electricity market, and escalates the volume, liquidity and efficiency of the energy market by its regulation, fair trading frames, publicity, traceable rates and the revival of investors’ trust. The transparent, standardized market mechanism and the liberalized market operation serve the safety of domestic power supply, the cost efficiency of trading and the upswing of developments, investments in the power industry. The organized electricity market operated by HUPX Ltd. contributes to the efficiency of the entire domestic economic production and the moderation of the increasing consumer electricity prices. For more information, please visit www.hupx.hu/en

associated products

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autoTRADER

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

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