Syneco Trading GmbH leads new ways in intraday trading Syneco, Germany's largest municipal energy trading company, has established a partnership with Austrian PowerBot GmbH and will rely on its modern algotrading software to enhance its capabilities in short-term power markets. In conjunction with the ETRM system "Coral", developed by Previse Systems, this creates an innovative and high-performance trading and optimization platform for short-term trading. The five-member algotrading team of Syneco is responsible for the development and operation of the new trading and optimization platform as well as the development of intelligent algorithms for fully automated intraday trading on EPEX SPOT. "With PowerBot, we have a modern and highly flexible platform that enables us to develop our own algorithms and optimally integrate the data volumes necessary for automated trading," says Reto Heller, who is responsible for the newly founded algotrading team at Syneco. Syneco Trading GmbH is expanding its product portfolio with this step and will, in addition to pure market access, also offer customers algorithm-based closing of open trading positions on the intraday market. In addition, algorithms will be used to market large-scale battery storage systems and flexibilities of power plants at EPEX SPOT and on the balancing power markets. "The importance of short-term trading will continue to increase with the expansion of renewable energies and the flexibilization of consumers. With our new platform, we and thus also our customers are well equipped for the future," says Luisa von Lonski, who heads the short-term trading division at Syneco.
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LEAD Consult is very happy to contribute to this exciting digitalisation project both with our consulting and integration expertise as well as with our signature iPaaS solution - the LEAD Universal Loader, which will handle some of the interfaces! With PowerBot and Previse, Syneco has really gathered a dream team here. It would be a pleasure to contribute. Congrats for the success!