Paris, Vienna, 28 June 2018 - 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.”
The software company VisoTech was founded in 1999 by the two partners Johannes Püller and Wolfgang Eichberger. With the autoTRADER, part of the company’s “Periotheus” solution, VisoTech is the market leader in fully automated power and gas spot trading. Furthermore, VisoTech has been Austrian market leader in energy logistics systems for many years. VisoTech’s Periotheus autoTRADER enables automated intraday trading in real-time on European power and gas exchanges such as PEGAS, EPEX SPOT, Nord Pool, BSP SouthPool and HUPX. Numerous energy companies, providers and traders are actively using Periotheus in nearly all European electricity and gas markets. Industry giants such as STEAG, Iberdrola, VERBUND, Rosneft, OMV and more rely on VisoTech’s solutions.
PEGAS is the central gas trading platform of EEX Group operated by Powernext. PEGAS provides its members with access to all products on one single platform and allows them to trade natural gas contracts in the Austrian, Belgian, Czech, Danish, Dutch, French, German, Italian and UK market areas. The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location, time spread, and options products on the TTF hub. This setup enables market harmonization and forms the preferred pan-European natural gas market. For more information: www.powernext.com/pegas-trading