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PowerBot is a SaaS product designed for energy trading companies to automate their short-term trading at power exchanges. It cannot be used by individuals and also cannot trade other assets like stocks or cryptos - sorry!
Our platform allows you to trade physical power at intraday continuous markets at the major electricity exchanges in Europe. Currently, we support trading at EPEX Spot, Nord Pool, BSP Southpool, HUPX, IBEX, TGE, CROPEX, SEMOpx, OPCOM and GENEX. If you are interested in trading at other exchanges, let us know. Unfortunately, it is not possible to trade other commodities than electricity or to trade financial futures with PowerBot.
To utilize PowerBot, registration as a trading member of a supported power exchange is mandatory. Our services does not include market access. You also must obtain API access from your power exchange to enable PowerBot to connect and execute trades on your account.
Yes, if you are a member of an energy exchange or in the process of becoming one, we can provide access to a PowerBot simulation environment. This will enable you to test the platform and familiarize yourself with its functions.
No, you don't. We provide integrated standard algorithms with our solution that will work out-of-the-box and with a codeless way to upload trading positions and signals. However, if you are able to, we recommend integrating our system with our easy-to-use API.
Yes, you can do so. Our system makes it very easy to design and implement your own trading strategies. You can then also deploy them in our cloud-based algorithm hosting service.
No, because the (historical) trades and orders are property of the power exchanges. But you can buy market data directly from the exchanges and if you acquire read-only API access from them, you can use PowerBot to retrieve and process it.
Intraday continuous power markets are considered as spot markets and are therefore not subject to MiFID II or other financial market regulations.This means that also the regulations for algorithmic trading within MiFID are not applicable. And as long as you are not renting any dedicated leased lines towards the power exchange, your activities are not considered as high frequency trading.
However, short-term power markets have their own regulations. All your energy market activities, human or algorithm, are subject to the REMIT directive (Regulation on wholesale Energy Market Integrity and Transparency). Further, you need to follow the Code of Conduct and Market Rules of the exchange, which for example forbids order spamming.
Our system is a microservice that offers a simple to use OpenAPI as well as standard interfaces, so it can be integrated in all kind of infrastructures with very little effort.