Algo-Trading Innovation Hub: Early registration discount!
We’re especially excited to announce our first ever Algo-Trading Innovation Hub, in Frankfurt on June 7-8 on the topic of “New Opportunities in the Intraday Energy Market”. On day one, energy traders and algorithm developers will have the chance to learn about the latest trends in automated trading. On the second day they can sharpen their algorithm development skills in a hands-on workshop with separate tracks for newcomers and advanced users. Either day can also be booked separately. Discounts are available for early registration by April 15.
A major city takes its trading digital
The municipal utility of one of the largest German cities has implemented the VisoTech autoTRADER to automate its intraday power trading. Spot trading is becoming strategically important in order to make efficient use of Germany’s growing share of renewable energy while keeping energy prices stable, and utility companies now see automation as a viable solution to get the most out of their trading activities.
VisoTech recognised for innovation
On February 20, the VisoTech autoTRADER received an eAward in the category “trade and commerce”. The eAward is one of Austria’s top business prizes and since 2005 has honoured Austria’s best IT projects. A total of 43 projects were nominated in seven categories. Jury members described VisoTech’s solution as “a creative approach for efficient business processes”, “ingenious”, and “brilliantly implemented, fitting and sustainable for business and society”.
XBID: smooth cross-border trading
The European Cross-Border Intraday Solution, XBID, scheduled to go live in June, is intended to provide transparent, continuous intraday trading across Europe. Recent changes mean that liquidity must shift between XBID and the local exchanges based on the various gate opening and closing times of the different zones, including accounting for differing tick sizes. We are working on the means to manage these transfers gracefully, so that the autoTRADER will seamlessly keep trading. In this way we ensure smooth, continuous trading for our customers, as well as a resilient fallback mechanism in case of XBID outage.
The team grows
We are happy to welcome two more new members to the VisoTech team. As Head of Project Management & Solutions, Rainer Schober brings many years of experience in IT project management and a strong background in software demand management. Meanwhile, with Andreas Werschlan the Operations team gains further expertise in Linux system administration.
Furthermore, we are still looking for another software engineer, as well as an additional IT project manager to lead customer projects: https://www.visotech.com/en/careers/
Our trading solution has already taken root in the European energy market. We look forward to the warmth of spring and to continued growth in the coming months, as the autoTRADER becomes more established and comes into full bloom.