Sopra Steria has provided a new software solution for the handling processes at the Virtual Trading Point (VTP) - which is operated by Trading Hub Europe (THE) for the German gas market area.
The Backend system for the 24/7 processes treats the trading nominations for all purchases and sales at the VTP in the nomination and matching process. The new VTP took over the VTP process from the previous system without interruption in October and
has been fully operating it with Sopra Steria's software in stable routine operation since November.
The daily nomination of energy traders or balancing group managers at the central VTP is one of the most important tools in the energy industry.
The Virtual Trading Point (VTP) is located in the "center" of the German market area and does not refer to a physical entry or exit point, but rather an ideal supply point. Traders can buy and sell gas via the VTP even without capacity bookings.