XMtrade®/PXS
Provides the operation of daily auctions for the purchase and sale of electricity and continuous matching of orders during the trading day. Validates financial covering for trading transactions in organized short-term markets.
About product
Trading platform for the day-ahead market
Trading platform for submission of orders for purchase and sale of electricity on the day-ahead market. Trading transactions are realized on a daily auction. Matching of orders is done through its own or external matching algorithm. Cross-border integration of electricity markets according to international standards is also supported.
Trading platform for the intraday market
Trading platform for submission of orders for purchase and sale of electricity on intraday market. Offered volumes are visible and trading transactions are created through continuous matching. It uses its own matching algorithm, but solution can be integrated with other electricity markets in accordance with international standards.
Financial security
Contains control mechanisms that guarantee financial coverage of business transactions in the day-ahead and intraday market. Validates submitted orders against funds of relevant market participant.
Settlement of trading transactions
Successfully traded volumes are settled at prices generated by organized market. Trading transactions are always done between market participant and market operator. Settlement takes place on a daily basis.
Data publication
Provides possibility of publishing results of short-term electricity markets directly in the system, through interface for a mobile application or market organizer's website.