Trading Technologies Will Connect to Nasdaq’s European Commodities MarketDirect Market Access to Key European Energy Benchmarks & Freight
LONDON, June 9, 2015 – Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, and Nasdaq today announced TT will introduce connectivity to Nasdaq’s European commodities operations, including the exchange group’s Nordic benchmark power market and German power contracts, through its new TT platform. This next-generation trading platform with mobile capabilities will give traders across Europe access to several markets, from a single trading screen.
“The launch of NFX is a continuation of our partnership with Nasdaq in the European energy space,” said Robbie McDonnell, EVP Global Sales of TT. “We have a large base of commercial energy firms already utilizing our software to access and trade the energy markets. We expect our users will find Nasdaq’s European commodities market to be very compelling.”
Nasdaq will expand its European accessibility on key energy benchmarks including Nordic and German power futures and options.
The TT connection will provide the trading community with more choices for investing in energy derivatives, while improving price discovery and providing deeper liquidity. The new link will give every TT customer efficient access to Nasdaq’s leading markets and allow them to trade complex strategies across a range of assets, including energy and freight derivatives. Further, the connection will provide TT customers with access to market data for trades executed off-exchange and registered as block trades.
“Our connection to TT provides global energy market participants with the tools to execute their strategies and the ability to hedge in a more cost-efficient manner by allowing access to our comprehensive suite of energy benchmark products,” said Bjørn Sibbern, senior vice president and head of Nasdaq Commodities. “TT’s relationship with Nasdaq spans many of our markets, and this connection will offer the trading community more opportunities to deploy their trading strategies.”
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, @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 43 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, exchange technology, 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 $9.5 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections about our future financial results, growth, trading volumes, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain strategic and capital return initiatives, (iii) statements about our integrations of our recent acquisitions and (iv) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to, Nasdaq's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq's website at http://www.nasdaqomx.com and the SEC's website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
For further information, please contact:
Trading Technologies
Drew Mauck, 3Points Communications, phone +1 773 203 5456, drew@3ptscomm.com
Nasdaq Commodities
Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaq.com
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