TT Goes Live on NLX and Nasdaq OMX Nordic

The NLX connection gives access to both short-term and long-term interest-rate futures products denominated in euro and sterling, and cleared through LCH.Clearnet. The Nordic platform allows TT's customers to trade Swedish, Danish, Finnish and Norwegian equity and index futures and options. Both are available through TT's Nasdaq OMX EU Gateway.

"As Europe emerges from the Eurozone crisis the Nordic countries are positioned to be among the fastest growing European economies, so the addition of the Nordic products offers some new and interesting trading opportunities," says Jeff Mezger, group product manager, market connectivity and research at TT.

New Opportunities
2013 has been a busy year for the vendor, in which it added access to more trading venues than any other in the company's history, including connections to Eris, GovEx, MexDer, and now NLX and NASDAQ OMX Nordic.

"With our planned additions of eSpeed, Chicago Mercantile Exchange Europe, London Stock Exchange (LSE) Derivatives, Oslo Bors and [Borsa Italia's] IDEM in the first quarter of 2014, we will bring the total number of venues to which we provide access to 40," says Mezger.

"We expect to see liquidity and volatility return to the fixed income markets, and the treasury markets in particular," he adds. "It was important for us to give our users access to all of the major treasury liquidity pools heading into the tapering period, to make sure they always had access to the best prices and opportunities."

Additionally, with the mandatory clearing of swaps, efficient use of capital will lead traders to seek margin efficiencies. Exchanges like NLX and LSE Derivatives are innovating in that space, seeking to bring down margin requirements and create new European derivatives products.

Swap Futures
As regulatory requirements mandated by the Dodd-Frank Act in the US and the European Market Infrastructure Regulation in Europe become clearer in 2014, Mezger says that he expects the trend of end users looking to use futures instead of swaps to continue, which is why TT has added access to Eris.

"Additionally, with the mandatory clearing of swaps, efficient use of capital will lead traders to seek margin efficiencies," he says. "Exchanges like NLX and LSE Derivatives are innovating in that space, seeking to bring down margin requirements and create new European derivatives products."

TT also launched its MultiBroker trading solution in July, providing direct market access to buy side traders via multiple brokers from a single X_TRADER Pro or application programming interface connection.