What is trade capture

The intraday auctions are a new market that complements the continuous intraday market in order to create a clear intraday price signal, increase transparency and create new trading opportunities in an auction format.

Two intraday auctions take place every day at 10:00 a.m. CET and 10:00 p.m. CET. The 10:00 p.m. auction covers all 24 hour products of the coming day, while the morning auction covers the last 12 hours of the day.

The intraday auction concept is based on the well-functioning day-ahead auction system from Nord Pool and the Euphemia algorithm.

Overview of intraday auctions

  • The auctions apply to deliveries to the German control areas
  • Two daily auctions will be held at 10:00 p.m. and 10:00 a.m. CET
    • 10:00 pm CET auction covers [00-24]
    • 10:00 am CET auction covers [12 - 24]
  • Product Type: Hourly Products
  • Orders are traded as in the day-ahead market and matched in the same way
  • Available order types: Curve order, regular block order and profiled block order
  • Price limits are the same as in the day-ahead market; - 500 EUR / MWh and + 3000 EUR / MWh
  • Bids are uploaded via Excel worksheets or directly via the API
  • The trade is recorded manually via the user interface as a download of Excel data or automatically via the CASS-API

If you are already a member of Nord Pool, please request access to our member test environment by registering. Please use the membership registration form (in English).