NEW YORK and LONDON, June 10, 2015 (GLOBE NEWSWIRE) -- Stellar Trading Systems (Stellar) and Nasdaq today announce that Stellar will introduce connectivity to Nasdaq Futures, Inc. (NFX), following the official launch of the NFX platform in mid-2015. NFX is the exchange group's U.S.-based designated contract market (DCM), offering futures and options on key energy benchmarks, which includes oil, natural gas and U.S. power.
"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 MD.
Stellar Trading Systems provides cutting-edge futures, options, equities and treasuries capabilities to professional traders, providing connectivity to the world's major exchanges. The addition of NFX further enhances Stellar's global offering, integrating with their full range of products, including 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 U.S. 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."
Nasdaq's Global Commodities business offers trading and clearing solutions for assets including power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services. With competitive fees and a range of liquidity providers, Nasdaq provides a cost-effective, transparent and efficient marketplace that appeals to all types of trading entities.
About Stellar Trading Systems:
Stellar Trading Systems specializes in producing fast and powerful trading systems for the high frequency, high volume trader. Stellar provides a complete trading system solution with an intuitive front end, comprehensive order and risk management, combined with industry leading performance. All this is achieved without compromise – Stellar is easy to use, robust and scalable. Whether deployed in a 20 or 200+ trader operation, Stellar delivers excellent performance through even the busiest of market conditions.
Stellar also acts as a consolidator, removing the need for multiple legacy systems by delivering a broad, scalable architecture that meets the needs of the whole trading organization, from risk manager, to IT, to the individual and specialist needs of each trader. Stellar recognizes that trading system technology continues to evolve and are committed to remaining at the forefront of this process by embracing new techniques and challenging conventional solutions. For more information on our suite of products visit: stellartradingsystems.com
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of approximately $9.5 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
CONTACT: Stellar Media Contact: Peter Crouch +44 (0)20 7664 6450 (office) email@example.com Nasdaq Media Contacts: Joe Christinat +1 (646) 441-5121 (office) +1 (646) 284-5920 (mobile) Joseph.Christinat@nasdaq.com Alexa Sugrue +1 (212) 231-5552 (office) +1 (646) 577-3157 (mobile) Alexa.Sugrue@nasdaq.com
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