Explore the words cloud of the AIx project. It provides you a very rough idea of what is the project "AIx" about.
The following table provides information about the project.
COMCOM RACUNALNISTVO KOMUNIKACIJE DOO IDRIJA
|Coordinator Country||Slovenia [SI]|
|Total cost||71˙429 €|
|EC max contribution||50˙000 € (70%)|
1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
|Duration (year-month-day)||from 2018-09-01 to 2019-02-28|
Take a look of project's partnership.
|1||COMCOM RACUNALNISTVO KOMUNIKACIJE DOO IDRIJA||SI (IDRIJA)||coordinator||50˙000.00|
In this project, we are going to develop Automated Trade Execution Engine for intra-day power markets. When developed, it will provide fast, cheap and reliable market access to small renewable generators, independent suppliers and trading companies without the need for a costly intra-day trading team that operates 24/7/365. The solution is self-learning meaning that it can iterate over years and years of market data to induce the best trade execution strategies. It is significantly faster than manual traders - it can react to market changes in milliseconds, and therefore, it significantly outperforms manual trade execution. It is extremely scalable - the same software solution can be used across most European markets without the standard proportional increase in costs. Automatic trade execution is already flourishing in financial markets with 85% of trades being executed automatically in contrast to 0% in power markets and the aim of this project is to unlock the value in this multibillion market opportunity.
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The information about "AIX" are provided by the European Opendata Portal: CORDIS opendata.
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