Powernext announces that VisoTech will be listed as an independent software vendor (ISV) on its pan-European gas trading platform PEGAS. Consequently, trading members can now enjoy the benefits of fully automated algo-trading on the spot market.
PEGAS is the leading gas spot trading platform in Continental Europe, allowing its members to trade spot and derivatives gas contracts in the Austrian, Belgian, Czech, Danish, Dutch, French, German, Italian and UK market areas. PEGAS also offers options products on the TTF hub.
VisoTech will be the first ISV on PEGAS providing fully automated algo-trading of natural gas. Using the Periotheus autoTRADER, members trading on PEGAS via Trayport Joule Direct can cost effectively take advantage of all market opportunities day and night. Assets such as storage and capacities can be more easily optimised and additional potential generated.
“In the natural gas market speed is essential in order to respond to order book updates and take advantage of sudden price fluctuations. If energy companies truly want to squeeze the last cent from their assets, trading automation will help them to do so 24x7 in a cost-efficient manner,” said Jürgen Mayerhofer, Managing Director of VisoTech.
“With intraday trading volumes steadily increasing, more of our members are looking into algo-trading as a way to stay ahead of the competition,” Egbert Laege, President of Powernext said. “Using a certified independent software vendor such as VisoTech greatly simplifies the implementation of trading automation for our members, since it allows them to avoid the cost and effort of compliance testing.”
