SPECULOOS-South, an observatory composed of four independent 1m robotic
telescopes, located at ESO Paranal, Chile, started scientific operation in
January 2019. This Southern Hemisphere facility operates as part of SPECULOOS,
an international network of 1m-class telescopes surveying for transiting
terrestrial planets around the nearest and brightest ultra-cool dwarfs. To
automatically and efficiently process the observations of SPECULOOS-South, and
to deal with the specialised photometric requirements of ultra-cool dwarf
targets, we present our automatic pipeline. This pipeline includes an algorithm
for automated differential photometry and an extensive correction technique for
the effects of telluric water vapour, using ground measurements of the
precipitable water vapour. Observing very red targets in the near-infrared can
result in photometric systematics in the differential lightcurves, related to
the temporally-varying, wavelength-dependent opacity of the Earth's atmosphere.
These systematics are sufficient to affect the daily quality of the
lightcurves, the longer time-scale variability study of our targets and even
mimic transit-like signals. Here we present the implementation and impact of
our water vapour correction method. Using the 179 nights and 98 targets
observed in the I+z' filter by SPECULOOS-South since January 2019, we show the
impressive photometric performance of the facility (with a median precision of
~1.5 mmag for 30-min binning of the raw, non-detrended lightcurves) and assess
its detection potential. We compare simultaneous observations with
SPECULOOS-South and TESS, to show that we readily achieve high-precision,
space-level photometry for bright, ultra-cool dwarfs, highlighting
SPECULOOS-South as the first facility of its kind