Algorithmic trading and power markets: challenges and opportunities in Europe's energy crisis
Commodities Focus
00:00
The Evolution of Algorithmic Trading
Algorithmic trading is nothing new, it's existed in the finance for ages. So why now? Why it came to energy just now? What triggered it? We're decades behind financial trading in that sense when it comes to physical trading. The 24-7 characteristics of the market were also so effective. Wind and solar power generated record 22% of European electricity last year. And indeed what Eurekine says so unmotivated like really motivated human trader can make some hundred trades and for alga it's 10,000 so no human can compete with it.
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