Mälarenergi Selects Hansen Trade for Automated Intraday Trading

February 16, 2021 05:00 AM Eastern Standard Time MELBOURNE, Australia–(BUSINESS WIRE)–Hansen Technologies (ASX:HSN) is pleased to announce the signing of a new agreement with Mälarenergi. Under the terms of the agreement, Hansen Trade will enable the Swedish utility company to automate continuous intraday trading operations in Nord Pool’s intraday market. The trading environment is rapidly transitioning towards one that is automated, making manual trading more challenging and costly. This changing market environment has pushed energy companies to reassess their processes and tools in order to maintain competitiveness and take advantage of opportunities in the market. Hansen Trade enables energy companies to automate manual trading processes and utilise the value potential of the intraday market. Björn Lundkvist, Head of Trading, Mälarenergi, commented: “Over the course of the last few years, the intraday market has changed significantly – and we have realized the challenge as it pertains to manual trading. The role of intraday trading continues to become more significant when the share of weather-dependent renewable energy production increases. Therefore, we saw a clear need for an automated trading system, and were convinced that with its strong track record and state-of-the-art technology, Hansen Trade was the right solution when it came to the automation and… continue reading

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Source: CTRM Center

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