AOX Trade

What AOX Trade does

AOX Trade is a Riga-based electricity trading company that provides electricity producers and aggregators with AI-powered market access and optimization services across European power markets. The company operates across Day-Ahead, Intraday, and Balancing markets (FCR, aFRR, mFRR) in 18-20 European countries, managing 2.8 GW of capacity and settling over €60 million annually on behalf of clients. Its core offering combines an AI/ML forecasting platform—using an ensemble of ARIMA, XGBoost, LightGBM, LSTM, and GRU models—with direct integrations to Nord Pool, EPEX, and all TSO data sources to enable automated trading, regulatory compliance under REMIT and ACER, and transparent profit analytics per MWh. The technology stack is built on Rust, Go, Python, MongoDB, RabbitMQ, and Docker, with front-end frameworks including Svelte, React, and Vue.

The company generates revenue through managed services fees and transaction-based pricing on the electricity volumes it trades and balances for clients. Distribution is exclusively direct B2B sales targeting enterprise clients—primarily renewable energy producers, cogeneration plants, and aggregators—using a quote-based onboarding model with country-specific regulatory routing. The company does not use resellers, self-service channels, or marketplaces. Custom integrations supporting common data exchange protocols and 24/7 operational support are positioned as core differentiators alongside proprietary forecasting accuracy.

AOX Trade is a privately held Latvian SIA (registration 40203343967) with 21 employees, independently owned with no disclosed institutional investors or parent company. The firm was founded in 2020-2021 and is actively scaling its engineering and trading staff, with open positions for Rust developers, front-end developers, data scientists, and electricity market traders. There are no disclosed funding rounds, acquisitions, or partnerships in the available data.

Name

AOX Trade

Legal name

Sabiedrība ar ierobežotu atbildību "AOX Trade"

Website

https://aoxtrade.eu

Company type

Private

Founded year

2020

Operating status

Operating

Short description

AOX Trade is a Riga-based AI-powered electricity trading platform that provides producers and aggregators with market access, forecasting, and automated optimization across Day-Ahead, Intraday, and Balancing markets in 18+ European countries.

Ownership category

akta.pro rank

Product category

Energy Trading Platform

NAICS

Commodity Contracts Intermediation (523160), Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB)

akta.pro secondary industry

Cross-Asset Electronic Market Making (HFT/Systematic) (FSACANAH)

Keywords

• Electricity trading services
• Balancing market services
• Energy market forecasting
• Power exchange integration
• Renewable energy optimization

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Energy Trading & Balancing Services: The company generates revenue by managing and optimizing electricity trading across Day-Ahead, Intraday, and Balancing markets (FCR, aFRR, mFRR) for asset owners. They take a percentage or fee on the €60M+ they optimize and settle annually. Revenue is generated through managed services fees and potentially performance-based pricing tied to the revenues they generate for clients.
2. Market Access & Optimization: Provides market access services to power producers, enabling participation in day-ahead and intraday markets with live prices, bids, and offers. Revenue model involves facilitation fees and optimization services.

Pricing tiers

Distribution channels1 record

Marketing channels4 records

Core offering

AOX Trade provides a managed electricity trading platform that connects energy producers, aggregators, and trading partners with European Day-Ahead, Intraday, and Balancing markets (FCR, aFRR, mFRR). The platform combines AI-powered forecasting, automated offer optimization, and direct integration with power exchanges (Nord Pool, EPEX) and TSO data sources to help asset owners maximize revenue per MWh. The company manages 2.8 GW across 18+ European markets and settles €60M+ annually on behalf of clients.

Product overview

AOX Trade offers an integrated energy trading platform for electricity producers and aggregators operating across European markets. The core platform combines AI-powered forecasting, market access, and automated trading optimization across Day-Ahead, Intraday, and Balancing markets (FCR, aFRR, mFRR). The platform integrates directly with power exchanges (Nord Pool, EPEX) and TSO data sources. Additional services include Regulatory Compliance (REMIT/ACER), Custom Integrations, and 24/7 Support Desk.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy Trading Platform Core energy trading platform combining AI forecasting, automation, and Power Platform tools for transparency and profitability across day-ahead, intraday, and balancing markets (FCR, aFRR, mFRR). Designed for electricity producers and aggregators operating across European markets.
• Market Access Platform providing access to day-ahead and intraday electricity markets with live prices, bids, and offers visibility. For electricity producers and aggregators seeking to participate in European spot markets.
• Balancing and Flexibility Services Enables power producers to generate revenue from flexibility by joining ancillary service markets including FCR (Frequency Containment Reserve), aFRR (automatic Frequency Restoration Reserve), and mFRR (manual Frequency Restoration Reserve) balancing products. For electricity producers with flexible assets.
• Profit Optimization Automated offer adjustment system that responds to market signals to maximize return on electricity trading positions. For electricity producers and aggregators seeking to optimize revenue per MWh.
• 24/7 Support Desk Continuous support service for trading, data, and system dispatch operations. Provides active monitoring and support for trading clients across all markets.

Quantifiable outcome

• 2.8 GW managed through AOX
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature4 records

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AOX Trade