Middle Office & Operations

Despite experiencing some exceptionally dynamic changes, this business unit can look back on a successful year. Here, as in other areas, priority was given to planning and implementing the merger between Atel and EOS. Initial steps towards integration were made with a view to setting up a unified reporting system and complying with the provisions of the Swiss Financial Market Supervisory Authority FINMA as part of the move to bring the Lausanne and Olten trading platforms under one roof. Alpiq integrated the Oslo trading unit into the Power Proprietary Trading business unit and introduced tools for technical online market analysis. Another goal achieved in 2009 was the systematic risk/return evaluation of investment proposals.

New trading system

The bilateral negotiations on the electricity agreement between Switzerland and the EU will be followed attentively. Further developments in cross-border market mechanisms for electricity in Europe and developments in European gas markets will also be monitored closely.