Algorithmic Intra Day Trading within XBID

The European Cross-Border Intra-Day Trading Platform (XBID) has been launched in June 2018. From the operational point of view, the monitoring of all tradable products (hour contracts, 30-minutes contracts, quarter hour contracts as well as the newly configurable block products) are not manageable continuously and effectively by single human traders. The complexity has even more increased due to newly designed specific contracts, which are tradable separately within each delivery area up to 5 minutes before delivery, and the volatile liquidity in the market area. In this challenging setting, the utilization of automated trading algorithms may ensure a continuous, consistent, and cost effective manner of closing the changing open positions while assuring compliance with imposed risk management directives and trading guidelines.