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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!
Our platform allows you to trade physical power (intraday continuous and auctions 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, BRM, OPCOM, SEEPEX and GENEX. Other exchange integrations are under active development. 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.
At PowerBot, IT security and secure development are fundamental principles in our organization and processes. We were certified for compliance with ISO/IEC 27001:2022 and SOC 2 Type I and are actively pursuing SOC 2 Type II.
To actively trade through PowerBot, registration as a trading member of a supported power exchange is mandatory. Our service 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 customer of PowerBot without being a member of an exchange.
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.
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 use of PowerBot. However, if you are able to, you can unleash PowerBot with our performant and 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.
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 (ancillary 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 your requirements we can recommend the best partners for your project.
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 market data through our API.
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 II directive (Regulation on wholesale Energy Market Integrity and Transparency) and our software has lots of features that help you to comply with REMIT II. Further, you need to follow the Code of Conduct and Market Rules of the exchange, which for example forbids order spamming. Please reach out to us if you have any questions on REMIT II, we are here to help.
Our system is a microservice that offers a simple to use OpenAPI as well as standard interfaces, so it can be integrated in all kinds 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.