© 2019 by Optimeering AS. The power of better decisions.

Nordic FCR workshop

Discover exactly how the Nordic FCR primary reserve market will be cleared, how it will operate, and the implications for your reserve-market strategy. Delivered by the team that has designed and coded the Nordic FCR clearing algorithm. Contact us today to organise your workshop and ensure you are FCR-ready. 

MARKET CLEARING

We deliver robust, fast and proven clearing solutions for complex traded markets - whether internal, b2b or public. Our technology is being implemented today in markets worth over 100 million Euros annually.
Solve

Robust, fast, and customised clearing algorithms for modern, complex traded markets

Understand

How clearing works exactly in your specific markets, and the implications for your operations 

Replicate

The exact clearing algorithms for the markets you operate in, so you can develop and test strategies and bids

SOLVE

We build and implement robust, fast, and customised clearing algorithms for complex internal, b2b and public traded markets

 
IT STARTS WITH GREAT DESIGN

The key to a successful market are well designed rules. What types of bid structures and linkages are allowed? Full or part bid acceptance? What are the clearing criteria? How is price to be determined?

How these rules are specified and structured is crucial in determining the effectiveness and speed of the clearing algorithm. Our algorithm and modelling experts guide you in specifying these rules concretely to ensure an effective and robust clearing process.

THE CLEARING ALGORITHM

OCF - the Optimeering Clearing Framework - is a software framework for developing customised market clearing algorithms. Using this framework, we quickly formulate and code a clearing algorithm for your specific market and rules. Our algorithms implement state-of-the-art mathematical programming techniques and solvers to ensure fast, robust, and replicable cleared market solutions. 

IMPLEMENTATION

Our algorithms are built with a standardised RESTful API to enable straightforward integration of the algorithm with your operations and market systems. We work closely with you to implement and test the algorithm on your in-house systems, and to customise logging and solution reporting to match your requirements. We can also bring on board our development partner to build or further develop your in-house systems to ensure they meet service, security and regulatory requirements as needed.  

Contact us to discuss how we can build your next market clearing engine.

UNDERSTAND AND REPLICATE

We help you improve your trading strategies and returns by providing workshops and insight into those markets cleared by our tools, and software that replicates the same clearing process for developing and testing your operational alternatives.  

COMPLEX MARKETS MEAN COMPLEX DECISIONS

Why some bids are chosen and others not is not always obvious in many markets. Complex market rules, bid structures and linkages, and pricing methodologies make it a challenge to determine what is your optimal bid strategy. Small changes in bid structure - dividing or combining bids, bidding in a different block arrangement, and linking can mean the difference between bid acceptance - and income - and bid rejection.  

UNDERSTAND EXACTLY HOW THE MARKET CLEARS YOUR BIDS

To develop your optimal bid strategy you need to know exactly how the market clearing process works. Reading the rulebook may not be enough.

We offer in-depth workshops for those markets where we provide the clearing solution - and where we, and we alone, have this insight. 

 

Today we offer workshops for the Nordic FCR (primary reserve) capacity markets, with the Nordic aFRR and mFRR markets coming soon.

 

 

Contact us for full details and pricing.

 

  

REPLICATE USING THE MARKET'S CLEARING ENGINE

To fully develop a robust bidding strategy you need to test against the same algorithm used to clear the market. A "similar" algorithm won't cut it - you risk it giving different solutions and thus bad advice.

We provide an implementation of our clearing algorithms to market actors for those markets where we provide the clearing solution. Using this you can test your expectations of bids and offer behaviour, and develop your own bid strategies to optimise your market outturns. 

Today we offer systems for the Nordic FCR (primary reserve) capacity market, with the Nordic aFRR and mFRR markets coming soon. Contact us for full details and pricing.