Trading Technologies International, Inc. (TT) today announced that TT will introduce connectivity to Nasdaq OMX's Nordic financial derivatives market in Stockholm in the fourth quarter of 2013.
As the third largest derivatives exchange in Europe, NASDAQ OMX offers trading in Swedish, Danish, Finnish and Norwegian equity and index futures and options.
"This partnership acts to further strengthen our position in the European derivatives space by opening up access to a large pool of TT clients that can now gain easy connection to trading in Nordic derivatives," said Lauri Rosendahl, senior vice president and Nordic head of equities at NASDAQ OMX. "In addition to containing some of Europe's most liquid equity and index products, our market offers a highly sophisticated trading and clearing infrastructure which should be appealing to anyone looking to trade Nordic derivatives."
TT CEO Harris Brumfield commented, "We're looking forward to introducing support for NASDAQ OMX's derivatives offering in the Nordics. There has been significant client interest in this connection, so we expect many of our users to readily integrate Nordic products into their trading strategies."
The new link to NASDAQ OMX will give TT clients the ability to trade complex strategies, including stock index futures on the Nordic markets. Customers will be able to enter and manage trades using TT's full suite of products, including the recently released X_TRADER7.17, the ADL visual programming platform for automated trading, and the TT API and FIX Adapter API solutions. Customers also will have the ability to use the Autospreader tool to spread NASDAQ OMX instruments against contracts listed on other TT-supported exchanges across North and South America, Europe, the Middle East, Asia and Australia.
With the NASDAQ OMX connection, TT continues to expand its offering to provide access to 38 markets. TT will introduce support for NASDAQ OMX's Nordic derivatives market concurrently with its upcoming connection to NASDAQ OMX NLX, and both markets will be available through a single gateway.
Firms will be able to access NASDAQ OMX's Nordic derivatives markets through internally hosted gateways or through TT's TTNET global hosting solution. NASDAQ OMX access also will be supported by TT's MultiBroker offering, which was recently named "Best New Product, Connectivity" at the FOW Asia Awards.