Nasdaq Futures plans Stellar connectivity
Stellar Trading Systems will introduce connectivity to Nasdaq Futures (NFX), following the official launch of the NFX platform in mid-2015.
NFX will host a line of energy derivative products to expand its commodities offering. The designated contract market will offer futures and options on energy benchmarks, including oil, natural gas and US power.
Stellar specialises in delivering trading systems for high frequency, high volume traders. It already provides futures, options, equities and treasuries capabilities to professional traders.
It delivers connectivity to numerous exchanges globally, including BATS Europe, ICE Futures Europe, London Metal Exchange, Chicago Mercantile Exchange, COMEX, NYMEX, Australian Securities Exchange, the Singapore Exchange and many more. It boasts several exchanges which it are ‘under development’, including the London Stock Exchange and the Tokyo Stock Exchange. In April it announced connectivity for the Osaka Securities Exchange.
"We are pleased to continue to develop our longstanding partnership with Nasdaq, to the benefit of our customers, who gain ultra-fast access to their innovative portfolio of exchanges," said Steve Thomas, Stellar’s managing director.
NFX will integrate with the Stellar spreadMachine, Quantum Server, Market Maker and Aggregator.
"The addition of Stellar Trading Systems to our platform allows us to further expand our footprint and ensure that the widest range of market participants have convenient access to our new suite of energy products," said Magnus Haglind, vice president of Global Transaction and Market Services and head of US Commodities. "Our goal is to provide popular energy contracts at a greater value to our customers and we are certain that Stellar will provide NFX clients with high performance access to these innovative markets."
Meanwhile, it was also revealed that NFX real-time market data will be made available via the Bloomberg Professional service and the B-PIPE service, its consolidated real-time market data feed. Bloomberg will distribute NFX order book data through the Market Depth Monitor function MDM<GO> on the Bloomberg Professional service.