Uniper Automates Trading With Volue Algo Trader
The international energy company Uniper will use the Volue Algo Trader solution for the Nordic intraday market.
Uniper will combine flexibility utilization, position closing, and market-making obligations in custom strategies to work together and create fast-automated decisions with Volue Algo Trader.
“We are happy that Uniper chose the Volue Algo Trader,” says Stefan Zähringer, VP Sales Europe.
“Uniper will start using the Software as a Service (SaaS) solution in November 2019. We are also proud that Uniper is growing our Algo Trader customer base. Volue has now Algo Trader customers in eight European countries.”
Important to differentiate from competitors
“In a very dynamic and competitive intraday market, building our own strategies is important to differentiate us from competitors. The Volue Algo Trader is an excellent solution to monetize the flexibility of our assets and contribute to the security of supply in Nordic markets,” says Jean Baptiste de Gabory, Head of power short-term trading at Uniper.
“The Volue Algo Trader allows us to develop strategies in Python with a dedicated framework for fast strategy building. The standard APIs to connect Algo Trader to Volue’s optimization software are another key element why we chose Volue”, says Sebastian Wallner, Head of dispatch solutions at Uniper IT.
For this project, Uniper worked with Powel which has since rebranded as Volue.
About Uniper: Uniper is a leading international energy company with activities in more than 40 countries and around 11,000 employees globally. Its business is the secure provision of energy and related services. Its main activities include power generation in Europe and Russia as well as global energy trading. The company is headquartered in Düsseldorf, Germany.