Trading Technologies to Connect to Nasdaq Energy Futures
(Thomson Reuters ONE) -
Software Provider's Link to Nasdaq Futures Platform as a Preferred Vendor Will
Provide Traders More Choices for Futures and Options Based on Key Energy
Benchmarks
Expands Access across Nasdaq's Global Commodities and Fixed Income Trading
Platforms
BOCA RATON, Fla., March 11, 2015 (GLOBE NEWSWIRE) -- Trading Technologies
International, Inc. (TT), a global provider of high-performance professional
trading software, and Nasdaq today announced that TT will introduce connectivity
to Nasdaq Futures (NFX), the exchange group's U.S.-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 utilizing 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," said 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(TM) 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," said
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."
Nasdaq's Global Commodities business offers trading and clearing solutions for
various related assets including power, natural gas and carbon emission markets,
tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore,
electricity certificates and clearing services. With market makers, liquidity
providers and competitive fees, Nasdaq provides a liquid, transparent and
efficient marketplace which appeals to all types of trading entities.
About Trading Technologies:
Trading Technologies (http://www.tradingtechnologies.com, (at)Trading_Tech)
develops and delivers professional trading software for a wide variety of users
including proprietary traders, brokers, money managers, CTAs, hedge funds, and
commercial hedgers and risk managers. TT provides access to 42 major
international exchanges and liquidity platforms. Its new next-generation trading
platform, TT, uses the software-as-a-service (SaaS) delivery model to give users
a fast, reliable, mobile solution that represents what's next in the world of
trading and technology.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,500
listed companies with a market value of over $9.1 trillion and more than 10,000
corporate clients. To learn more, visit http://nasdaq.com/ambition or
http://business.nasdaq.com.
NDAQG
CONTACT: Trading Technologies Media Contact:
Drew Mauck, 3Points Communications
+1 773 203-5456 (mobile)
drew(at)3ptscomm.com
Nasdaq Media Contact:
Robert Madden
+1 347 740 0191 (mobile)
Robert.Madden(at)NASDAQOMX.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
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Datum: 11.03.2015 - 16:00 Uhr
Sprache: Deutsch
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