Brady launches API

To support day ahead trading across Central and Western European (CWE) countries via Nord Pool, Brady plc (www.bradyplc.com), a leading trading, risk and logistics software provider for global commodities markets has launched an API so that customers can enjoy even more choice in markets across Europe to trade power in, whether via Nord Pool or EPEX.

Brady’s physical energy trading system (www.bradyplc.com/european-physical-power-trading-solutions) has a strong customer footprint across the Nordic region.  Initially designed to address spot bidding in Nordic power markets, with specialized functions for handling times series data, and country-specific nuances in settlement and invoicing, the solution now offers pan European coverage.

Nord Pool, already active in the UK for many years, launched its day-ahead power trading for CWE in June 2019, providing its Nordic and Baltic region customers with the ability to get the same price for each bidding zone for all 24 hours of the day-ahead auction, independently of which NEMO they use.

‘We are proud of our company’s heritage in Nordic energy markets, explains Carmen Carey, CEO at Brady plc.  “Our Nordic customers can now easily extend use of their Brady platform to trade and schedule power across CWE countries.  We are committed to developing products that keep abreast of the latest changes in Nord Pool markets and maintaining our leadership in power TSO communications coverage across Continental Europe.

Brady’s new API supports automatic submission of orders and receipt of results from Brady’s platform to Nord Pool’s CWE markets exchange, supporting more efficient trading operations.  With the latest Brady API, Customers can now trade in day-ahead markets of Germany, Austria, Netherlands, France, and Great Britain.  In addition, Brady offers connectivity to EPEX spot bidding markets and a choice of an extensive number of TSO connectors, supporting power scheduling for the majority of European countries. 



 

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