Trading Technologies, Inc, global provider of professional trading software, announced its collaboration with Nodal Exchange to offer Nodal’s contracts through its TT platform.
Clients of TT will be able to leverage its full suite of tools including charting and analytics functionality, design, automated trading, mobile trading, FIX services and API development, to trade the entire range of products listed on Nodal Exchange.
Nodal Exchange’s products include:
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.
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 stated:
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.
Michael MacGregor, CEO of IncubEx, with which Nodal Exchange also has partnership agreement for environmental contracts, commented:
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.
TT delivers market access worldwide. The platform is specifically designed for professional traders and incorporates large arsenal of customizable tools to accommodate trading strategies that range from manual point-and-click trading to low-single-digit microsecond automated order entry.