There’s more news out regarding Trading Technologies this week, with the company announcing today that it has partnered with Nodal Exchange so that the latter’s derivatives contracts will be available through the TT trading platform.
Nodal Exchange is a derivatives exchange. It provides price, credit, and liquidity risk management solutions for the American commodities market. Trading Technologies International, Inc., on the other hand, offers professional trading software, infrastructure, and data solutions.
Under the agreement, users of the TT platform will be able to trade all of the products listed on the Nodal Exchange. This includes contracts relating to power, natural gas, trucking freight, and environmental.
Commenting on the partnership, Guy Scott, Managing Director, Sales Americas, at Trading Technologies said in the statement: “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.”
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Trading Technologies partners with another exchange
Trading Technologies has been actively expanding the number of products available for its clients to trade on the TT platform. Only this week, the company announced another partnership of a similar nature with Borsa Istanbul.
As Finance Magnates reported, the collaboration will see the Turkish exchange make its derivatives products available for trading via the TT platform, such as foreign exchange (forex), stocks, indices, and more.
“Nodal strives to offer excellent technology solutions and trading products to the markets we serve,” added Paul Cusenza, Chairman and the Chief Executive Officer (CEO) of Nodal Exchange.
“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.”