This customer is ANZ's largest renewable energy generation, trading, and retail company. The customer ensures liquidity and stability in energy trading, adjusting bid and offer prices based on regulations, competition, weather, and global trends.
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Traditional trading methods were ineffective and the customer’s trading team was overwhelmed with fragmented data sources, slow processing times, and delayed responses to market movements and signals. This inefficiency resulted in substantial financial losses and missed profit opportunities:
The solution was implemented within 15 weeks, following four customer-defined milestones. Needl.ai deployed its solution on the customer’s Azure cloud, adhering to required standards and custom optimizations. It ingested stock exchange updates, company announcements, and high-impact market-making news on weather, outages, and regulatory changes from public and government sources. All public data was processed securely on the customer’s cloud and accessed via APIs with appropriate security measures.
By leveraging real-time data and advanced analytics, our solution enhanced decision-making and maximized returns within mere weeks of solution deployment. Needl.ai provided immediate access to high-priority news alerts that affect trading strategy.
AI-generated insights that improved bid and offer pricing accuracy
Within just three weeks of deployment, US$250K profit captured in a single trading decision using AI-driven market analysis
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On-prem deployment ensured complete data security and privacy
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Enabled the customer to track when updates were published on public sources and analyze their impact on market movements
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“By entering the market armed with the latest news, traders were able to make US$250K with confidence in a single day.”