You've got the questions, we've got the answers. In case we missed something, send us your question via our contact form.
What does your platform do and who can use it?
PowerBot is a SaaS product designed for energy trading companies to automate their short-term trading at power exchanges (intraday continuous, intraday auction and day-ahead). It cannot be used by individuals and also cannot trade other assets like stocks or cryptos - sorry!
Which markets can be traded with PowerBot?
Our platform allows you to trade physical power (intraday continuous and auctios as well as day-ahead) at the major electricity exchanges in Europe. Currently, we support trading at EPEX Spot, Nord Pool, BSP Southpool, HUPX, IBEX, TGE, CROPEX, SEMOpx, OPCOM, SEEPEX 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.
Do you offer trading-as-a-service or do I need to be a member of an exchange?
To actively trade through 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. However, if you are interested in analytics or paper trading, you can also become a cusomer of PowerBot without beig a member of an exchange.
Does PowerBot offer a free trial?
Yes, if you are a member of an energy exchange or in the process of becoming one, we can provide access to a PowerBot environment. This will enable you to test the platform and familiarize yourself with its functions.
Do you provide out-of-the-box trading strategies? Do I need programming skills to use your product?
We provide standard algorithms with our solution that will work out-of-the-box and with a codeless way to upload trading positions and signals. You don't need programming skills to make us of PowerBot. However, if you are able to, you can unleash PowerBot with our performant and easy-to-use API an.
Can I implement my own trading strategies?
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.
Does your solution allow me to trade flexible asset like batteries?
Yes. PowerBot includes out-of-the-box strategies to trade flexible assets in short-term power markets. Should you require a solution that includes multi-market optimization (ancilliary and short-term power markets) as well as asset dispatching, we have a wide range of partners for optimization software that already integrates with PowerBot. Based on you requirements we can recommend the best partners for your project.
Can I just get market data from you?
Yes, you can. PowerBot is a market data vendor for selected exchanges and we can provide analytic services as well as market data for simulated (paper) trading. You can retrieve maket data through our API.
How is algorithmic energy trading regulated?
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.
Is PowerBot compatible with my ETRM solution or other software I use?
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. However, a lot of leading software providers for the energy market have out-of-the-box integrations towards PowerBot.