Utilidex announced today that it has commenced a new project with a leading energy supplier to deliver a data driven forward curve analysis tool for UK gas & power price discovery. The product, will be delivered as an “App” via Utilidex’s Energy | Trading platform, marking the start of what will be a new suite of cutting edge applications, developed by industry leading technologists, and available to Utilidex Platform Customers. “Collating data about power and gas prices, monitoring how prices react to news stories and market data is traditionally an expensive, time-consuming exercise,” commented Aily Armour Biggs, Director of Trading at Utilidex, “usually only afforded by the very large firms with teams of analysts. Here we intend to democratise the same qualitative information using technology, instead of people, to take care of the heavy lifting in order to create a genuinely new and affordable offering”. The project, which is in the early stages of development, is a collaboration between fintech and Microsoft Partner Company Utilidex and Microsoft Ventures firm CityFALCON who specialise in the analysis of large scale data sets of financial news including Twitter feeds. The companies met while working side-by-side at ENTIQ’s Level39, Europe’s largest accelerator space for … continue reading
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Source: CTRM Center