Aachen, 31 May, 2019 – The two IT solution providers for the energy sector, ProCom GmbH headquartered in Aachen, Germany, and Munich-based Likron, which specialises in trading technology, have entered into a strategic partnership. The goal is to offer market participants optimal solutions for managing their portfolios and for short-term energy trading. The customers of both companies will benefit from the collaboration: ProCom’s optimization and forecasting solution BoFiT with the ITA trading solution will be coordinated with the Likron Automatic Execution Service (LES), an algorithmic trading engine, to generate the best potential yield on flexible assets. The systems can interface via ITA. There are no changes for ITA customers, but the software package can be expanded with the LES. The interaction of the products and services offers a perfect basis for automated intraday management of flexible assets and positions, even outside of working hours. What is new here is the tight integration of mathematical methods of asset optimization with the financial mathematical principles of option trading. This generates the best possible yield of flexibility while at the same time ensuring the trade of “navigable” schedules. As part of the Likron User Days on 17 and 18 June, the partners will… continue reading
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Source: CTRM Center