Pioneer Solutions, a leading global provider of energy portfolio and risk management software solutions, announced today that it was named in the final results of a market study on “standard software for automated energy trading” conducted by The Advisory House, a consultancy firm focused on the European energy trading sector.
Considering a market where wholesale prices are stable at low levels, increasing renewable capacities result in increasing short-term volumes, and where intraday trading margins are shrinking, market participants have been looking at automated trading solutions. With these challenges, and questions on what market to be in and what strategy, this study sets out to identify the level of automation and which software to use.
The survey focuses on the European power market, and considers functions to be supported from strategy development to trade execution, as well as the market position and strategic development path of the participating vendors.
“As a broad ETRM solutions vendor, rather than a specialist, and true to its name, Pioneer Solutions with its next-generation C/ETRM platform was well positioned to directly participate in this first edition,”says Hugo Stappers, Director of Sales and Marketing EMEA at Pioneer Solutions. ”TRMTracker is a “live” ETRM system, and provides the real-time processing capability to deliver the automation that reduces the burden on traders, portfolio managers, forecasters, settlement staff, and business leaders”.
Pioneer Solutions is a global provider of C/ETRM, environmental management, and financial and regulatory compliance solutions. Serving utilities and trading companies across the globe, Pioneer’s suite of flexible software applications delivers easy-to-use and integrated functionality for Trade Capture, Position Analysis, Portfolio Management, Risk Reporting and Settlement, thereby providing the insight and granularity to manage operations optimally. The company’s pioneering and award-winning software offers a user-configurable environment designed for rapid deployment, resulting in a lower total cost of ownership and enhanced customer satisfaction.