Trading Technologies (TT) is to introduce connectivity to Nasdaq Futures (NFX), the exchange group's US-based designated contract market (DCM), on day-one of trading through both its TT and X_TRADER platforms.
Through NFX, Nasdaq will expand its commodities business with futures and options on key energy benchmarks including oil, natural gas and U.S. power, which will launch in 2015.
The TT connection to NFX will provide the trading community with more choices for investing in energy derivatives, improving price discovery and providing deeper liquidity. The new link to NFX will give all TT customers across the globe ease of use to tap Nasdaq's leading markets and trade complex strategies across a range of assets, including energy and freight derivatives, European interest rate derivatives, equity and index futures and options, U.S. Treasury Securities and U.S. Treasury Futures products.
"We are happy to partner with Nasdaq as a preferred vendor in the launch of this new exchange. We have a large base of customers already utilising our software to access and trade the energy markets, including many of the most well-known commercial energy firms. We expect our users will find the Nasdaq Futures offering to be very compelling, and we look forward to providing them with direct access to NFX," says Rick Lane, CEO of TT.
TT customers will be able to enter and manage trades on NFX using both the TT and X_TRADER platforms, including all application programming interfaces (APIs) as well as the TTNET hosting service and MultiBroker solution. With Autospreader, users will have the option to easily spread NFX-listed products against products listed on other exchanges. Customers also will be able to use cross-market aggregation in both platforms to view aggregated energy markets across multiple exchanges and route orders from the aggregated view based on predefined order-routing rules and configurations.
With the NFX, TT continues to expand its offering to provide access to 42 markets, including Nasdaq's European commodities markets, Nasdaq NLX and Nasdaq eSpeed.
"Our connection to TT will provide global energy market participants not only tools to execute their strategies but also the ability to hedge in a more cost efficient manner with access to our suite of energy benchmark products," says Hans-Ole Jochumsen, President of Nasdaq. "TT's relationship with Nasdaq spans our markets across the globe, and we will now offer the trading community additional choices and trading opportunities for strategies across key assets."
