Issue
The client is prominent renewable energy owner and operator, actively trading, scheduling and settling over 7,800 MW of wind, solar and storage assets across multiple ISO / RTO markets in North America.
The client utilized multiple Trade Management Systems (TMS) yet lacked an automated method to transfer transactions into their Energy Trading and Risk Management (ETRM) system. This reliance on manual trade entry led to frequent errors, inefficiencies, and a lack of auditability, impacting operational accuracy and increasing compliance risks.
Solution
The client engaged MidDel Consulting to design and implement an automated system that seamlessly transfers trade data into the ETRM. This solution included:
- Custom API Integration: MidDel developed a C#-based API solution to query the TMS for modified transactions within the past hour. The system then formatted and transmitted JSON files to the ETRM.
- Automated Validation & Auditing: The integration retrieved imported transaction details from the ETRM, ensuring accuracy and consistency.
- Comprehensive Reporting: Custom reports were developed within the TMS to display transfer results, creating a detailed audit trail for compliance and review purposes.
Result
The client has releazed a significant operational improvements following MidDel’s API integration.
- Near Real-Time Trade Updates: Traders can now make corrections within minutes, ensuring more accurate position tracking throughout the day.
- 200 Hours of Monthly Labor Savings: The trade control team no longer needs to manually validate and correct trade entries at the end of each day.
- Enhanced Position Accuracy: Daily closing positions are now more reliable, reducing discrepancies and improving financial reporting.
- Minimized P&L Misstatements: Accurate volume and price indicators in trading reports reduce the risk of misstatements, strengthening financial oversight.
Key Takeaways
- Manual trade entry is a compliance liability, not just an efficiency drag. Every rekeyed transaction is an unauditable point of failure - which is why the fix had to produce an audit trail, not merely speed.
- Hourly automated transfer collapses the error-correction window. Near-real-time sync surfaces discrepancies within the hour instead of at book-close, letting traders correct positions the same day - transferable to any shop bridging separate trade-management and ETRM systems.
Ready to do the same?
Still rekeying trades from your TMS into your ETRM? MidDel's API integration makes the handoff automatic, auditable, and near-real-time. Let's talk.
