Nodal Exchange’s contracts will be available for trading through the TT platform delivered by Trading Technologies, the provider of high-performance professional trading software, infrastructure and data solutions.
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities market. The partnership will allow its clients to leverage TT’s full suite of tools, including functionality for charting and analytics, design, automated trading, mobile trading, FIX services and API development, to trade the complete range of products listed on Nodal Exchange.
Guy Scott, Managing Director, Sales Americas at Trading Technologies, commented: “Many of our clients have requested access to Nodal Exchange’s commodity products. These clients include not only commodity trading and commercial energy firms, but also proprietary trading groups. We look forward to working with Nodal Exchange to broaden access to their products and deliver a robust trading solution to our mutual clients.”
Paul Cusenza, Chairman and CEO of Nodal Exchange, said: “Nodal strives to offer best-in-class technology solutions and trading products to the markets we serve. As such, we are very pleased to be collaborating with TT, which currently serves many leading energy trading entities, to make their full suite of tools available to participants.”
Nodal Exchange’s range of products includes: Power: Contracts for on-peak and off-peak power at commercially significant locations in the ISO-NE, NYISO, PJM, MISO, ERCOT, SPP and CAISO electric markets as well as Mid-C. Natural Gas: Cash settled contracts for Henry Hub. Environmental: Physically deliverable futures on Carbon Emission Allowances, Renewable Energy Certificates, Low Carbon Fuel Standard Credits and SO2/NOx Emission Allowances listed in cooperation with IncubEx. Trucking freight: Cash settled, monthly term trucking freight futures contracts for seven directional lanes, three calculated regional averages and one national average.
Additionally, the operator offers U.S. environmental contracts in partnership with IncubEx: “We welcome the availability of North American environmental markets on TT. Electronic access to environmental products is a vital and exciting development for our business and our customers.”, said Michael MacGregor, CEO of IncubEx.
Most recently, Trading Technologies was selected by Blocksize Capital as its preferred front-end execution platform. Clients of the provider of digital asset services for financial institutions now view aggregated market data for over 20 cryptocurrency exchanges and crypto-assets on TT in addition to execution tools, including Autospreader, ADL and MD Trader. The package includes access to Blocksize Capital’s cryptocurrency market data technology starting in Q4 2020 and smart order routing for streamlined execution of bulk
orders across multiple exchanges.