Trading Technologies International, Inc. (TT), a software-trading provider, has partnered with Nasdaq to foster greater Connectivity on Nasdaq’s European commodities operations, according to a Nasdaq statement.
In particular, Nasdaq will integrate TT’s platform to include the Exchange group’s Nordic benchmark power market and German power contracts. Subsequently, the integration will grant traders across Europe access to several markets, via a consolidated trading screen.
The new link will also expand the capabilities of all TT customers who will gain access to Nasdaq’s markets suite – additional assets now available will include energy and freight derivatives.
According to Bjørn Sibbern, Senior Vice President and Head of Nasdaq Commodities, in a recent statement on the connection, “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.”
“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,” he added.
“The launch of NFX is a continuation of our partnership with Nasdaq in the European energy space. 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,” noted Robbie McDonnell, EVP Global Sales of TT, in an accompanying statement.
