Openlink and Powel team up to provide intraday trading and scheduling solutions for power and gas companies in Europe

BERLIN and BASEL, Switzerland—5 April 2018:  Openlink, an ION Investment Group company and global leader in trading, treasury and risk management solutions, today announced a partnership with Powel AS to addresses the growing need for sophisticated algorithmic (algo) intraday trading and gas and power scheduling capabilities across European energy markets.  Powel is a leading supplier of software and services to the energy business, utilities, and providers of critical infrastructure services. Through the partnership, clients can tap the enhanced value of Endur, Openlink’s energy trading and risk management (ETRM) platform, working in concert with Powel’s Intraday Trading and DeltaXE power and gas scheduling solutions.  Openlink and Powel’s collaboration stems from seismic shifts in the European energy industry, as demand for renewable energy grows, and intraday, cross-border trading of electricity and gas requires the speed and accuracy of algo trading methods. Openlink and Powel will join forces on client engagements to align product capabilities and systems integration processes, bringing highly complementary energy industry expertise and related professional services to each project.  Together, they aim to reduce clients’ total cost of ownership (TCO), streamline workflows, accommodate changing regulations, and accelerate implementation timeframes. Stefan Zähringer, general manager at Powel AG in Switzerland, said, “Every… continue reading

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Source: CTRM Center

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